Shares of Apple suppliers fall on reports of China iPhone curbs

The shares of several major Apple suppliers fell on Friday, following reports that China had widened curbs on use of iPhones by state employees, fanning fears about sales prospects in one of the US company’s biggest markets.

Staff in at least three Chinese ministries and government bodies were told not to use iPhones at work, sources familiar with the matter told Reuters.

Taiwan’s TSMC, the world’s largest contract chipmaker and a major Apple supplier, dropped about 0.7 per cent, outpacing a fall of about 0.3% in the benchmark index.