Wall Street Will Collapse If China-Taiwan War Breaks Out, Says Key Apple Supplier: 'May Only Take 10 Seconds — Not An Hour'

Founder of Apple Inc.’s AAPL lead supplier Foxconn Technology Group HNHPF, Terry Gou, warns of a potential crash in the U.S. stocks if a war involving Taiwan occurs, Bloomberg reports.

The Taiwanese billionaire expressed his concerns in a Facebook post, stating that it could take as little as “10 seconds” for Wall Street to collapse in the event of a Taiwan Strait conflict.

Gou, who has been speculated to run as an independent in Taiwan’s upcoming presidential election, has previously called for resuming talks between Taiwan and China.

"It may only take 10 seconds — not an hour or a month — for the Wall Street stock market to collapse if a war breaks out in the Taiwan Strait," Gou said in a Facebook post.

While Taiwan might withstand a Chinese invasion for up to three months, the impact of a war on the global economy would be “enormous and immediate,” according to Gou. His comments come amid escalating tensions between China and the U.S. over Taiwan and other issues.

Apple, whose majority of iPhones are assembled by Foxconn in China, could be significantly affected by such a conflict.

Read Next: Apple Supplier Foxconn Raises Investment Plans for New Component Plants in India’s Karnataka

Photo by Andreanicolini on Shutterstock