Apple concept stocks in Hong Kong stocks continued to rise, and BYD electronics rose nearly 15%
Apple concept stocks in Hong Kong stocks continued to rise, with BYD electronics up nearly 15%, Qiuti technology up nearly 10%, sunny optical technology up more than 8% and Ruisheng technology up nearly 6%.
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In 2019, around 46% of Apple's suppliers were Chinese companies or China-based factories. Not only do Chinese firms rely on Apple's sizable orders, but Apple also sees benefits from the country’s high cost-efficiency and growing innovation.
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