Coronavirus market rout hits tech’s big four for £287bn

in DLIKE5 years ago

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The stock market rout led by fears of the continued spread of the coronavirus has shed more than $372bn (£287bn) from the value of the world’s biggest tech companies.

Amazon, Google-owner Alphabet, Apple, and Facebook have all suffered from the uncertainties posed by the deadly virus.

Apple shares were the worst affected of the “GAFA” stocks over the last week, falling by 10.97pc and reducing the company’s value by $142.93bn, at the time of writing. The iPhone-maker is now valued at $1.16 trillion.


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