Microsoft shares slip after warning of coronavirus hit to supply chain

By Ayanti Bera and Supantha Mukherjee

Shares of Microsoft Corp fell 4% on Thursday after the company warned of weakness in its PC business after a hit to its supply chain from the coronavirus outbreak, echoing similar statements from Apple Inc and HP .

The selloff in shares wiped off nearly $50 billion from Microsoft’s market value on a day broader markets tumbled about 2% on rising fears of a global pandemic.