US$158.6b wiped off Apple market value

Business | 26 Feb 2020 9:31 am

At Apple, which said last week that the virus will force it to fall sort of a previous quarterly revenue forecast, US$158.6 billion in market value has vanished in the last four days.

The chief risk is that the stock market was already “priced to perfection,” or something close to it, before the virus worries exploded, according to Brian Nick, chief investment strategist at Nuveen.

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