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Apple Has Biggest Drop in Two Months as Trade Tensions Escalate

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Trade Fears Rattle Markets

Apple Inc. shares had their biggest one-day slump in more than two months amid the latest escalation of trade tensions between the U.S. and China.

The iPhone maker fell as much as 4.8% on Monday, its biggest drop since May 13. The shares have lost almost 9% over a three-day slump.