LONDON: Given China’s economic heft and position at the nexus of global supply chains, the novel coronavirus (2019-nCoV) is affecting companies far and wide and in multiple sectors. FILE PHOTO: A woman walks in front of a casino at Studio City in Macau, China, October 27, 2015. REUTERS/Tyrone Siu/File PhotoCasinos in Macau, normally a playground for the rich and the hopeful from mainland China, have closed their doors. - REUTERS/Jose Luis GonzalezThat could affect global supply chains for tech companies that rely on Foxconn to assemble everything from Apple’s iPhones to flat-screen TVs and laptops. Hyundai Motor says it is suspending all production in South Korea because of a lack of parts from China.

Source: New Strait Times February 08, 2020 02:03 UTC