Apple partner Hon Hai suspends trading pending market-moving announcement

Two days before Apple earnings, the Taiwan Stock Exchange has suspended manufacturing partner Hon Hai stock trading ahead of an expected major announcement.A Foxconn factory signHon Hai Precision, also known as Foxconn, is a major assembly partner for Apple and other well-known tech companies, and a big company in its own right. One that appears to be making a major change to its business in the coming days.The Tawian Stock Exchange issued a press release on Tuesday advising to investors that trading in shares of Hon Hai Precision and its underlying securities will be halted from July 30. The pause in trading is being made 'pending the release of material information,' the exchange explains. Continue Reading on AppleInsider | Discuss on our Forums