Markets were mostly lower on Tuesday.
The S&P 500 fell 0.3 percent, the STOXX Europe 600 fell 0.4 percent and the Nikkei 225 plunged 1.4 percent.
Markets fell after Apple warned that it will not meet its second-quarter financial guidance because the COVID-19 outbreak in China is affecting its suppliers’ production.
“We haven’t really heard of any peak levels, that’s what’s beginning to sink into investors’ minds,” said Peter Cardillo, chief market strategist at Spartan Capital Securities, of the economic impact of the coronavirus outbreak.
“It took something like a warning from Apple that investors weren’t willing to ignore,” said Connor Campbell, analyst at financial spread better Spreadex.
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