Coronavirus to keep investors on edge, corporate earnings in focus

Wed, 19 Feb 2020

Local markets are likely to remain nervous after tech giant Apple pointed to the impact of the coronavirus on global supply chains although much of the domestic focus will be on corporate earnings. Wall Street was in the red after Apple said it didn’t expect to hit its revenue guidance of US$63 billion to US$67 billion for the second quarter of its 2020 financial year. According to Apple, worldwide iPhone supply will be temporarily constrained and demand for its products within China has been affected. Moody’s Investors Service, meanwh...

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