Coronavirus supply chain issues may have a lingering effect on the US technology sector, Fitch Ratings said on Tuesday, as reported by Reuters. “Near-term revenue weakness caused by supply chain disruptions and reduced demand in China is a likely outcome for the US technology companies,” the report read. “COVID-19 adds additional risks to the US technology sector’s china-centric supply chains.” Fitch further noted that the impact could be more disruptive is the coronavirus situation drags into March and April. Tech shares underperform on Tuesday The S&P 500 Technology Index is down 0.6% in the early trade. Apple shares, which warned that sales in Q1 could fall short of its target amid coronavirus, are leading the losers with a 2.5% drop. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Price Analysis: Aussie bounces from session lows, approaching 0.6700 figure FX Street 2 years Coronavirus supply chain issues may have a lingering effect on the US technology sector, Fitch Ratings said on Tuesday, as reported by Reuters. "Near-term revenue weakness caused by supply chain disruptions and reduced demand in China is a likely outcome for the US technology companies," the report read. "COVID-19 adds additional risks to the US technology sector's china-centric supply chains." Fitch further noted that the impact could be more disruptive is the coronavirus situation drags into March and April. Tech shares underperform on Tuesday The S&P 500 Technology Index is down 0.6% in the early trade. Apple shares, which warned that… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
