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Nikkei Markets

Asian stocks slump after Apple warns of revenue hit from China virus

Apple suppliers among the top losers on A300 index

HONG KONG (Nikkei Markets) -- Asian shares outside of Japan fell alongside U.S. equity index futures after Apple said the coronavirus outbreak in China will cause the company to miss its current quarter revenue guidance.

The Nikkei Asia300 index of companies outside Japan declined 1.45% to 1,362.28. Apple suppliers were among the top losers in the gauge. Samsung Electronics and SK Hynix declined at least 2.8% each. Taiwan Semiconductor Manufacturing, Apple's main mobile processor manufacturer, dropped 2.9%. Hon Hai Precision Industry, the biggest assembler of iPhones, slipped 0.6%, and lens supplier Largan Precision dropped 4.4%.

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