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Markets

Apple warning heads to Asia after taking big bite out of Dow

iPhone maker's shares drop 10% as investors fear China slowdown

Global uncertainties are sending tremors through the markets, with the Dow Jones Industrial Average sinking more than 650 points at one point on Jan. 3.   © Reuters
TAKENORI MIYAMOTO and MISA HAMA, Nikkei staff writers | North America

NEW YORK/TOKYO -- The Dow Jones Industrial Average closed 660 points lower on Thursday amid growing concerns that Apple's lackluster showing last quarter is only a sign of a coming downturn in the world economy.

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