Apple (AAPL) Shares Fall 6% Amid Tech Sector Concerns

AI Summary

Asian stock markets dropped sharply, led by tech firms with South Korea's Kospi index falling 5.8% after an 8% intraday decline triggered a trading halt. Apple (AAPL) reported a 6% drop in shares due to plans to raise prices on iPads and MacBooks, attributed to rising chip costs. Japan's Nikkei 225 declined over 4%, and SoftBank saw a 12.5% reduction. Investors are reassessing tech valuations amid concerns about component price increases and the sustainability of AI investments.