Apple Boosts Indian Technology Shares

                                                                                      Apple boosts Indian tech stocks

Apple Boosts Indian Technology Shares: What's the Story?

Shares of Indian technology and electronics companies rose on Tuesday after the Wall Street Journal reported that the American electronics giant Apple plans to import more Indian-made iPhones to the United States to avoid the high tariffs imposed by US President Donald Trump on Chinese imports.

Bloomberg News reported that Indian electronics manufacturers were the focus of attention, with expectations growing that more companies will shift production to India instead of China to take advantage of the relatively low US tariffs on Indian products.

Shares of Dickson Technologies rose 5.5 percent, Sirma SGS rose 6.5 percent, Keynes Tech rose 5.9 percent, Ampere Enterprises rose 5.6 percent, and BG Electroplast rose 9.4 percent.