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Asia Markets: Asian markets steady as U.S. shutdown rages on; Apple suppliers take a hit

Asian stocks were largely muted early Monday following the federal government shutdown in the U.S., but South Korea’s benchmark index slipped on fresh worries about iPhone demand.

Samsung Electronic 005930, -2.64% fell 2% amid speculation that orders for the iPhone X would be cut. Although the smartphone maker is Apple’s AAPL, -0.45% biggest rival, it is also a global manufacturer of components.

Samsung’s next-generation displays feature organic light-emitting diodes, or OLED, technology Apple has adopted for the iPhone X. But SK Kim, who tracks Samsung for Daiwa Securities, said there are some concerns Apple could stop using OLED screens amid quality issues.

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