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Apple Falls After IPhone Builder Foxconn Halts Hiring

Foxconn Technology Group, the maker of products including Apple Inc.’s iPhone, said it was freezing hiring at factories in China, fueling concern about a slowdown in consumer-electronics demand and prompting Apple to fall.

Foxconn halted recruitment until the end of March after more workers returned from the Lunar New Year break than a year earlier, Bruce Liu, a spokesman for the Taipei-based company, said yesterday by phone. The decision wasn’t related to iPhone 5 production, he said, countering an earlier Financial Times report. Steve Dowling, an Apple spokesman in Cupertino, California, declined to comment.