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Apple looses position as world’s most valuable company

Apple has lost its position as the world's most valuable company amid a broad sell-off of  technology stocks.
 
Saudi Arabian oil and gas producer Aramco has reclaimed the top spot from the iPhone maker for the first time in almost two years.
 
Investors have been selling shares in technology firms as they move into what they see as less risky assets.
 
Bitcoin, other major cryptocurrencies and digital assets have also continued to fall sharply.
 
Shares in Apple fell by more than 5% in New York yesterday to end trading with a stock market valuation of  US$2.37 trillion.
 
Aramco was valued at US$2.42 trillion. 


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