FTSE 100 tumbles as HSBC slips, Apple warns on sales

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FTSE 100 tumbles as HSBC slips, Apple warns on sales
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London's FTSE 100 slid to a two-week low on Tuesday, weighed down by a 4% d...

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo

- London’s FTSE 100 slid to a two-week low on Tuesday, weighed down by a 4% drop in financial heavyweight HSBC as traders sold stocks globally after tech giant Apple warned of a shortfall in revenue due to the coronavirus epidemic.shed 0.9% by 0804 GMT, with HSBC dragging a sub-index of banks .FTNMX8350 almost 2.5% lower after its annual profit declined and it laid out plans for a major strategic overhaul.

Global market participants poured money into perceived safe havens including gold after the signals from Apple, the world’s most valuable technology firm, that sales would be hurt by the outbreak.

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