(Yicai Global) Oct. 14 -- Tech firms in China's mainland stock markets retreated further in afternoon trading, dragged down by the consumer electronics sector as Apple's latest handset fizzled on its debut.

The Shanghai Composite Index closed 0.56 percent lower at 3,340.78. The Shenzhen Component Index stood at 13,691.04, down 0.78 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, slipped 0.74 percent to 2,764.24.

Firms that make mobile accessories, touch screens and wireless earphones were hardest hit, including Anfu CE Link [SHE:300787], a Jiangxi province-based accessories maker, which plunged 10.18 percent to CNY54.88 (USD8.18) at the close, and Shandong-based GoerTek [SHE:002241], a leading player in wireless earphones that dropped 5.48 percent to end up at CNY40.50.

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