World stocks markets were knocked off record highs on Tuesday as two of the world’s mega companies and Europe’s largest economy, Germany, reported damage from the coronavirus outbreak. Apple’s stock fell almost 6% in Frankfurt at one stage and Wall Street looked set for a rocky ride later after the iPhone maker warned it was unlikely to meet the March quarter sales guidance that it had set just three weeks ago. All of Europe’s main markets were down between 0.5% and 1%[.EU]. China sensitive stocks led the falls but the mood had been darkened further by a far-worse-than-feared German investor sentiment survey pointing to a deepening manufacturing recession there. HSBC announced a massive restructuring that involved shedding $100 billion of assets and slashing 35,000 jobs over three years. It also warned about the impact of the coronavirus on its Asia business. The stock fell more than […]