European shares slump as Apple warning hammers tech sector By Reuters

Gold prices rebound from Fed-driven rout, hawkish comments cloud outlook

European shares slump as Apple warning hammers tech sector

Published Feb 18, 2020 09:18 Updated Feb 18, 2020 09:27

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European shares slump as Apple warning hammers tech sector

DE40

-1.00%

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STMPA

-5.30%

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AAPL

-2.14%

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DLGS

+0.00%

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STOXX

-1.24%

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SX8P

+1.11%

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(For a live blog on European stocks, type LIVE/ in an Eikon

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Feb 18 (Reuters) - European shares dropped on Tuesday as a

revenue warning from iPhone maker Apple Inc AAPL.O sent

shockwaves through the tech sector, highlighting the impact of

the coronavirus outbreak on global demand and supply.

The pan-European STOXX 600 index .STOXX fell 0.8% by 0803

GMT, having ended at a record high on Monday after China

outlined fresh stimulus measures to mitigate the virus' economic

impact.

However, Apple's AAPL.O warning that it would miss its

March quarter sales outlook due to the outbreak, along with news

of a slower-than-expected recovery in the firm's Chinese

factories swiftly culled any optimism. Apple's Frankfurt-listed shares AAPL.F dropped more than

6%, while those of STMicroelectronics NV STM.MI and Dialog

Semiconductor PLC DLGS.DE , which supply components to Apple,

fell 4% and 4.9%, respectively.

The technology-heavy German stock index .GDAXI plunged

0.9%, while the European tech subindex .SX8P fell 1.5%.

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NSE 30	3,706.65	-4.60	-0.12%
NSE All Share	100,863.67	+386.21	+0.38%
US 30	42,493.0	+166.1	+0.39%
US 500	5,898.3	+26.1	+0.45%
FTSE 100	8,097.79	-101.32	-1.24%
DAX	20,058.00	-202.90	-1.00%
South Africa Top 40	76,083.57	-935.11	-1.21%

Brent Oil	73.47	+0.08	+0.11%
Crude Oil WTI	70.09	-0.49	-0.69%
Gold	2,634.69	-18.61	-0.70%
Silver	30.023	-0.717	-2.33%
Copper	4.0970	-0.0600	-1.44%
London Cocoa	9,754.00	-172.00	-1.73%
London Wheat	181.40	-1.35	-0.74%

Nigeria 10Y	21.739	0.00	0.00%
Nigeria 2Y	23.675	0.00	0.00%
U.K. 10Y	4.6665	+0.1055	+2.31%
Germany 10Y	2.2750	+0.0350	+1.56%
U.S. 10Y	4.526	+0.025	+0.56%
U.S. 5Y	4.389	+0.006	+0.13%
U.S. 2Y	4.319	-0.036	-0.84%

Fidelitybk	15.550	-0.150	-0.96%
Zenith Bank	44.65	-0.05	-0.11%
UBA	33.40	0.00	0.00%
FBN Holdings	26.90	+0.45	+1.70%
Guaranty Trust Holding	52.80	-0.15	-0.28%
Sterling Bank	4.910	-0.080	-1.60%
Dangote Cement	431.00	-47.80	-9.98%

European shares slump as Apple warning hammers tech sector

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