) suppliers in China rose sharply on Monday after CEO Tim Cook appeared at a conference in Beijing and spoke positively about the country.) surged between 2.4% and 7% in Hong Kong trade, with AAC- which supplies audio equipment to the firm- up the most.
China is a key market for Apple, and is also a major part of the company’s supply chain, with a bulk of its devices being assembled in the country. China is also grappling with a pronounced decline in consumer spending, which has steadily chipped away at Apple’s sales in recent years. Still, the Cupertino-based tech giant beat expectations with its September quarter earnings.
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