Tuesday , August 3 2021

Apple is hitting the world's fragile markets with strength and semiconductor collapse

Which days for the markets. After the unusual last months of 2018 and the volatile first session of 2019, markets were heading for another day of losses affected, now by the technological giant Apple.

The former largest joint-stock company in the world started yesterday after closing Wall Street's warning about benefits (or a profit warning, as it is called in stock market jargon) that strongly affects the technology sector, especially the semiconductor.

The European index of technological values ​​loses close to 3%. The Austrian semiconductor company AMS includes all alarms with a collapse of more than 20%, followed by STMicroelectronics, which falls 7%, and ASM International, which loses almost 6%.

After Apple's profit warning, stock prices reacted with a sharp drop of 8 percent in out-of-shop trade.

Apple lowered its sales forecast for the first quarter due to low iPhone demand

In this context, shares in Europe suffered a 1.12% drop, led by Frankfurt Dax, to the region's main spot, with a 1.39% drop. Meanwhile, Cac de Paris loses 1.24%, while in Madrid Ibex 35 loses only 0.35% due to the positive results of major securities such as Santander and Telefonica.

According to Cinco Días, the effects of Apple's warning came in the foreign exchange market. The Japanese yen, considered a shelter, increased by 8% against the Australian dollar and 10% against the Turkish lira in the next minutes. Distortion attributed by analysts to operations made by computer algorithms in a low-liquidity session (it's a holiday in Japan).

Against the dollar the yen is growing today almost 2%, the movement in this case is related to the flight of safe money ports. That's exactly the suspicions of China's growth and the impact of the commercial war, which is the main concern on the market today, and Apple, out of its problems of maintaining the pace of growth, cited the variable variables in its warning. , so things also contribute, 1.2% remaining from Brent to $ 54. Volatility marks, well, at the beginning of the year.

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