Hon Hai Precision - also known also as Foxconn - cut its 2020 revenue outlook after deciding to impose strict quarantines at its main iPhone-making base, a measure to guard against the coronavirus outbreak that may hurt Apple.

Shares in Capri Holdings, the company behind Michael Kors and other luxury brands, tumbled the most in almost seven months after it trimmed its sales projection for the year amid foreign currency weakness and lower wholesale revenue.