Thursday 2 April 2020
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scmp - 1 month ago

Coronavirus compounds the hurdles and uncertainties for global companies doing business in China

On Monday, Apple lowered its revenue guidance for this quarter, citing the impact of the coronavirus outbreak in China. The move caught Wall Street investors off guard and wiped out US$43 billion of Apple’s market value in less than three hours.The company’s fears for the effects of the virus – and the accompanying uncertainty – are widely shared among American businesses, particularly those that have significant exposure to the huge Chinese market. Apple is considered something of a bellwether…

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