Apple win sends waves through techs

Apple’s courtroom victory over Samsung sent shockwaves through technology stocks, wiping more than $12 billion from the Korean giant's market valuation, knocking Google's shares and providing a boost to struggling Nokia.

Shares in Apple rose more than 2 percent, briefly touching a new high of $680, as analysts predicted its rivals would have to redesign their devices to avoid being caught in the sweeping patent verdict. Samsung shares were down 7.5 percent in Seoul to close at Won1.18 million. Google shares were also hit on fears about the vulnerability of its Android platform The search giant’s $12.5 billion acquisition of Motorola Mobility was largely motivated by its desire to build stronger defenses against this kind of litigation. Yet it could do little to protect the largest maker of Android devices from a wounding defeat.