Coronavirus fallout hits Australian companies
Australian companies are being increasingly caught in the fallout from the coronavirus outbreak, as a ban on Chinese tourists curbs demand in Australia and manufacturing shutdowns across China hit supply chains.
Vitamins group Blackmores went into a trading halt on the ASX as uncertainty rises over the impact of coronavirus on its China and Australian business, while electronics retailer JB Hi-Fi says it will use its market clout to ensure it has first access to electronics goods and mobile phones if Chinese manufacturers started to be squeezed.
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