sales: Apple dropped close to 4% on renewed worries that iPhone sales could slow and Amazon lost 5%. Facebook dropped 5.7% as the company continued to struggle with issues related to its reaction to the discovery of manipulation of its platform, according to The Guardian. The arrest of Nissan chairman Carlos Ghosn on charges he underreported his income and misused company funds caused the company's shares to tumble and shocked many in Japan who view him as something of a hero. The Dow Jones Industrial Average briefly fell 500 points, ending the day down 396 points 1.56% . Apple, Microsoft and Amazon, the most valuable companies on the market, sustained some of the worst losses. US-traded shares of Nissan lost 5.8%, while Renault shares dropped 8.4% in Paris. Hong Kong's Hang Seng retreated 1.3% to 26,023.02 and Seoul's Kospi shed 0.7% to 2,086.50. In Asia, the Shanghai Composite Index fell 1% to 2,675.69 and Tokyo's Nikkei 225 lost 0.9% to 21,633.54.
(news.financializer.com). As
reported in the news.
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