Steve Jobs resigns as Apple CEO, stock drops
Nasdaq-100 Index futures declined after Steve Jobs resigned as chief executive officer of Apple, the world’s second-largest company by market value.
Futures on the index, which gets 66 per cent of its value from computer-related companies such as Apple, fell 0.9 per cent to 2,119.25 in morning trade in Tokyo.
Standard & Poor’s 500 Index futures pared their loss to 0.2 per cent from 0.6 per cent. Apple shares dropped 5.1 per cent to $US357.10. Meanwhile, Samsung Electronics, Apple’s biggest competitor in smartphones and tablet computers, rose in Seoul trading on speculation the company may benefit after Steve Jobs resigned.
