Consumer discretionary names could see bumpy ride

). Coronavirus concerns have already weighed on some of these stocks - MGM shares tumbled around 10% in late January after the spreading outbreak shuttered casinos in Macau. But they rebounded more than 2% in the latest week.

The announcement came on the heels of a similar warning from U.S. cafe chain Starbucks , which said it would delay a planned upward revision to its outlook for the year and expected a material but temporary financial hit. Some areas, such as capital goods - which are used to produce other goods or services - are likely to be at greater risk, the firm said.

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