Global markets: Asia shares retreat from record as Apple price hikes rain on chip parade - The HinduBusinessLine
• Asian stock markets experienced a sharp retreat from record highs, with South Korea’s KOSPI tumbling 8.2% and Japan’s Nikkei slumping nearly 5%. • The selloff was triggered by concerns over Apple price hikes impacting the chip sector, while Nasdaq futures skidded 1.7% and the yen remained near 40-year lows. • Despite the volatility, the KOSPI recorded a massive 62% gain for the quarter, while Chinese blue-chips and Hong Kong’s Hang Seng index fell 2.9% and 2.4% respectively.
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