11:40 - 8.09.2023

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September 8, Fineko/abc.az. Apple shares fell more than by 5% on Thursday because of China's plans to ban the use of iPhones in state-owned companies where millions of people work.

ABC.AZ reports that Apple shares fell 5.1% on Thursday.

Apple shares are getting cheaper for the second day in a row, the capitalization of the American company may decrease by $200 billion.

The decline in Apple shares has affected the entire American market, and now investors are selling a variety of securities.

"Nasdaq index is sinking as one bad Apple spoils a bunch of mega-cap tech stocks of technology companies with mega capitalization," said senior market analyst at OANDA.

The NASDAQ-100 index of companies from the technology sector has already declined by 1%.