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BUZZ--Apple takes a bite out of ARM

Reuters - UK Focus

** ARM Holdings (LSE: ARM.L - news) opens down 2.7 pct following Apple product launch last night.

** Second-biggest faller on FTSE 100 after firm unveils Apple Watch and iPhone 6.

** Stock has lost 13.9 pct YTD compared to gain of 1 pct for FTSE 100.

** Falls in last few days reverse an uptrend throughout August.

Chart: http://link.reuters.com/tyh82w

** Launch of Apple Watch also hits Swatch, down 1.7 pct and following on from American rivals overnight.

** Garmin (NasdaqGS: GRMN - news) closed down 3.5 pct, Fossil down 2.1 pct and Michael Kors down 1 pct.

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)