Forgot your password?
typodupeerror
China

+ - Foxconn International removed from Hang Seng index->

Submitted by Tasha26
Tasha26 (1613349) writes "After the suicides and fatal explosion, the Taiwanese company Foxconn now faces losing its blue-chip status. Falling prices for smartphones, laptops, tablets and other gadgets and rising wages (20%) in China have undermined Foxconn's financial performance. The company lost $220m (£135m) in 2010. Foxconn International will be removed from Hong Kong's benchmark Hang Seng index and be replaced by insurer AIA and nappy maker Hengan. The two new entrants use China both as a source of cheap labour and as a market for their product, a switch which Foxconn is now considering."
Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Foxconn International removed from Hang Seng index

Comments Filter:

"Stupidity, like virtue, is its own reward" -- William E. Davidsen

Working...