SHANGHAI :
China's Apple Suppliers Jump in Morning on iPhone Maker's Better-Than-Expected Profits
Dou Shicong
DATE:  Jul 31 2020
/ SOURCE:  Yicai
China's Apple Suppliers Jump in Morning on iPhone Maker's Better-Than-Expected Profits  China's Apple Suppliers Jump in Morning on iPhone Maker's Better-Than-Expected Profits

(Yicai Global) July 31 -- China's mainland stock markets opened mixed this morning while Apple's suppliers rallied on the US tech company's better-than-expected earnings.

The Shanghai Composite Index opened 0.18 percent lower at 3,280.80. The Shenzhen Component Index was at 13,464.21, down 0.02 percent. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, rose 0.14 percent to 2,747.41.

Chip packaging provider Universal Scientific Industrial [SHA:601231] and automation equipment supplier Secote Precision Electronic [SHA:603283] both surged by the daily limit of 10 percent after the Cupertino-based firm said that its net profit climbed 12 percent in the quarter ended in June, more than what Wall Street had predicted. At USD59.7 billion, its revenue rose to a historic high for all the past third fiscal quarters.

Editor: Emmi Laine
 

 

 

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Keywords:   Shanghai Composite Index,Shenzhen Component Index,ChiNext Price Index