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Foxconn International shares drop 2 percent after profit warning

US-FIH-SHARES:Foxconn International shares drop 2 percent after profit warning

HONG KONG (Reuters) - Shares of Foxconn International Holdings Ltd (FIH) <2038.HK>, the world's biggest contract maker of cellphones, fell more than two percent on Thursday, after it said it expected to record a net loss for 2012 due to dismal demand from its major clients.

Foxconn International shares fell 2.2 percent to HK$3.5 in early trade, underperforming a 0.2 percent fall in the main Hang Seng Index <.HSI>.

FIH, which traditionally assembles products for key clients including Nokia Oyj <NOK1V.HE>, but not Apple Inc <AAPL.O>, has struggled in recent years as many of its customers' order books have shrunk.

(Reporting by Lee Chyen Yee; Editing by Anne Marie Roantree)

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Related Keywords:US , FIH , SHARES

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