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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%.