Explosion at Foxconn Plant Kills at Least Two, Rattles Apple Shares
Reports of an explosion at a Chinese manufacturing plant said to build iPads sent Apple shares lower on Friday.
The blast, at a Foxconn plant in Chengdu, China, killed two people and injured at least 16, according to the Wall Street Journal. Foxconn is a contract manufacturer that builds tech gear for a variety of companies, including Apple.
Chinese TV showed black smoke billowing from the plant, according to video posted on Chinese tech site MIC gadget.
An Apple representative was not immediately available for comment.
Shares of Apple were changing hands recently at $337.62, down $2.91, or 0.85 percent.