Shares in Taiwan s Foxconn dropped by 3% after reports emerged that the company is being subjected to tax audits and land use investigations in China. The audits and investigations have not been officially announced by any Chinese government department, but the state-backed Global Times reported that Foxconn s subsidiaries in China are under scrutiny.
China s natural resources department has initiated on-site investigations into the land usage of Foxconn enterprises located in Henan province, Hubei province, and other areas