Market mood sours after Apple’s profit warning

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Market mood sours after Apple’s profit warning
 © FinancialMirror 2020
By Lukman Otunuga, Senior Research Analyst at FXTM

Risk aversion swept through Asian markets on Tuesday morning after Apple warned investors it may not meet revenue targets for this quarter due to the coronavirus outbreak hitting production and demand in China.

This stark warning has quelled investor optimism over monetary policy easing from China and other major central banks, shielding the global economy from the detrimental impact of the virus outbreak.

Asian shares are poised to close on a negative note amid the risk-off mood, with...


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This article was automatically added to our system 18-2-2020

Market mood sours after Apple’s profit warning


The contents of this article including any associated images are © FinancialMirror 2020
Views & opinions expressed in this article are those of the author and/or FinancialMirror .

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