Live Feeds
● LIVE Updated 1h ago · 17 sources tracked

Asia shares retreat as Apple price hikes rain on chip parade

Asian equities retreated from record highs as a sell-off in technology and chip stocks hit regional markets. Apple's price hikes sparked concerns over inflationary pressures and future demand. South Korea's KOSPI experienced a severe drop, triggering a trading halt.

RSS Source map (16)

What changed

Apple price hikes triggered a broad tech rout and a significant slump in South Korean markets.

Live updates

  1. Asian Tech Stocks Plunge Following Apple Price Increases

    Asian equities retreated from record highs as a sell-off in technology and chip stocks hit regional markets. Apple's price hikes sparked concerns over inflationary pressures and future demand. South Korea's KOSPI experienced a severe drop, triggering a trading halt.

    What's confirmed:

    • Asian shares fell as Apple price hikes reduced optimism in the tech sector.
    • South Korea's KOSPI fell 8.2%, causing a 20-minute circuit breaker trading halt.
    • Investors sold technology and chip stocks to lock in profits after AI-driven rallies.
    • Global equity markets trended lower on Friday, June 26.

    Still unconfirmed:

    • The KOSPI is on track for its worst week since early March.
    • The Malaysian ringgit strengthened 0.4%.
    • The Thai baht is set for its seventh decline in eight sessions.
    • Oil slipped 0.5% to $74.89 a barrel.
    • A ship was attacked while exiting the Strait of Hormuz.
    confidence 90%