Apple shares hit by Chinese protests over Covid restrictions      

"If these protests continue, it could disrupt supply chains and the reopenings," said Brian Klimke, director of investment research at Cetera Financial Group. 

Protesters face off against security personnel in white protective clothing at the factory compound operated by Foxconn Technology Group who runs the world's biggest Apple iPhone factory in Zhengzhou in central China's Henan province on November 23. Picture: AP

Shares in Europe and the US fell as protests against strict Covid-19 policies  in major Chinese cities sparked concerns over economic growth and dragged commodity-linked shares lower, while Apple slid on worries about iPhone production.

Shares in the tech giant fell 2% as growing worker unrest at the world's biggest iPhone factory in China fanned fears of a deeper hit to the already-constrained production of higher-end models.