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Apple fell 1.34 percent to 8.33 in Nasdaq market trading the day before CEO Tim Cook was expected to unveil new iPhones and product updates.

As Chinese manufacturers of auto parts materials ramp up efforts to improve quality and promote innovation, they are becoming increasingly popular among top automobile brands, in a market that has long been dominated by overseas companies.

Apple, Microsoft and United Airlines have said the coronavirus will hurt earnings, but the shares of each company rose Wednesday.

Artificial trans fats are unhealthy substances that are created when hydrogen is added to vegetable oil to make it solid, like in the creation of margarine or shortening. Health experts say they can be replaced with canola oil or other products. There are also naturally occurring trans fats in some meats and dairy products.

As China began to cut manufacturing sector VAT from 16 to 13 percent on April 1, some imported and high-end vehicle brands lowered prices to boost sales nationwide.