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June 7, 2011 03:05 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Cked3U_YToA/Foxconn-International-Removed-From-Hang-Seng-Index
Foxconn International Removed From Hang Seng Index
Tasha26 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 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." 
Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Cked3U_YToA/Foxconn-International-Removed-From-Hang-Seng-Index
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