Apple share price has biggest drop in two months as U.S.-China trade tensions escalate
Ryan Vlastelica, Bloomberg:Apple Inc. shares had their biggest one-day slump in more than two months amid the latest escalation of trade tensions between the U.S. and China.
The iPhone maker fell as much as 4.8% on Monday, its biggest drop since May 13. The shares have lost almost 9% over a three-day slump.
In the latest development of the trade war, China let the yuan tumble to the weakest level in more than a decade and asked state-owned companies to suspend imports of U.S. agricultural produc
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