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Asia stocks, US futures drop after Apple warning

  • 📰 The Straits Times
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SYDNEY (BLOOMBERG) - US futures and stocks in Asia fell on Tuesday (Feb 18) after Apple Inc. said quarterly sales would miss forecasts, illustrating the blow to corporate earnings and economic growth from the deadly coronavirus.. Read more at straitstimes.com.

SYDNEY - US futures and stocks in Asia fell on Tuesday after Apple Inc. said quarterly sales would miss forecasts, illustrating the blow to corporate earnings and economic growth from the deadly coronavirus.Australia's SP/ASX 200 Index fell 0.2 per cent.Nasdaq 100 futures dropped 0.5 per cent. Futures on the S&P 500 Index fell 0.2 per cent.

Investor sentiment began the week on the front foot after China's central bank said it will let banks run up more non-performing loans in a bid to ease the virus' impact. Still, Singapore's government cut its growth forecasts, citing uncertainty over the length and severity of the outbreak.

 

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