iPhone Assembler Hon Hai Dives After China Starts Probes
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Hon Hai Precision Industry Co. fell its most in more than three months after Beijing launched a series of investigations into its operations in China, targeting a key Apple Inc. supplier and one of the country’s largest employers.
The Taiwanese firm, which makes the majority of the world’s iPhones from its factories in central and southern China, slid 3.4% in early trading Monday.