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Stocks

Apple's record market cap pushes Asian tech shares higher

Foxconn, TSMC among winners as expectations for the new iPhone spill over

HONG KONG -- Shares of Asian suppliers to Apple Inc. rose across the board Tuesday, buoyed by the news that the gadget maker has become the first U.S. company in history to reach a market capitalization of $800 billion.

On Monday, Apple topped $153.44 a share, putting the company's market value over $800 billion, the first time a U.S. company has reached that landmark figure. Although Apple reported mixed results for the second quarter of fiscal 2017, growth expectations remain high, thanks to the scheduled launch of a new iPhone. That helped push the share price up.

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