Kiwi companies warn of coronavirus headwinds

Thu, 13 Feb 2020

A cross-section of Kiwi firms has warned containment measures to prevent the spread of covid-19 have disrupted supply chains and are looming over earnings.Investors have been keenly anticipating company updates on the impact of the global epidemic since it started dominating headlines last month.That uncertainty ahead of domestic corporate earnings season weighed more heavily on travel and tourism stocks, although they recently found reprieve in a more benign outlook by the Reserve Bank and speculation that the pace of contagion may have peaked...

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