(Yicai Global) Oct. 14 -- China's mainland stock markets further slipped from an already low opening in the morning session today. Suppliers of Apple underperformed after the US tech giant released its first 5G handset, which failed to measure up to market expectations.

The Shanghai Composite Index closed 0.54 percent lower at 3,341.73. The Shenzhen Component Index was at 13,707.78, down 0.66 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, dropped 0.5 percent to 2,770.77.

Shanghai-based Universal Scientific Industrial [SHA:601231], a system-in-package supplier of Apple, plunged 7.4 percent to CNY25.04 (USD3.72); Anfu Ce Link [SHE:300787], a Jiangxi-based mobile accessories maker, similarly dropped 7.07 percent to CNY56.78.

Apple shares [NASDAQ:AAPL] dipped 2.65 percent to USD121.1 yesterday after its iPhone 12 launch event. The new handset is not alluring enough in price and configuration, The Paper quoted anonymous industry insiders as saying.

Editor: Ben Armour