LONDON—Apple’s shock warning that its Chinese sales are weakening ratcheted up concerns about the world’s second largest economy and weighed heavily on global stock markets as well as the dollar on Thursday. Shares in the company fell 7.6 per cent to $146 in after-hours trading and U.S. stock markets were poised for further big falls at the open. Article Continued BelowThe Japanese yen was one beneficiary of the stock market turmoil, posting its biggest gains against the dollar in over a year and a half. The dollar later recovered somewhat to trade 1.1 per cent lower on the day at 107.63 yen. South Korea’s tech-heavy Kospi ended 0.8 per cent lower at 1,993.70 while the Shanghai Composite index dropped less than 0.1 per cent to 2,464.36.

Source: thestar January 03, 2019 14:15 UTC