Apple shares rise as tech world mourns Jobs

The tragic loss of Apple's visionary co-founder Steve Jobs last night prompted a drop in the group's share price as US markets opened, followed by a swift move back into positive territory.

Apple shares fell 0.4%, or $1.50, to $376.77 on the opening bell but were up 1.08% to $382.33 in early trade. Global fund managers have said there could be a short-term correction following the untimely death of the former CEO. While his long battle with cancer was no secret, as the driving force in the innovation of Apple products, such as the iPhone, he has been crucial in the company's evolution into a technology giant, which dominates roughly 50% of the global mobile phones industry's profits. However, fund managers agreed since his condition had been known for some time, it is...