Asian Tech Stocks Hit by Apple and Microsoft Chip Cost Hikes
Asian shares experienced a pullback, with tech stocks particularly affected as Apple and Microsoft pushed rising chip costs to consumers, highlighting challenges of booming chip demand. Concurrently, the threat of Japanese intervention prevented the yen from reaching 40-year lows.
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Asia’s Tech Stocks Take the Hit as Apple and Microsoft Push Chip Costs to Consumers
Read full article →Shares dip as Apple price hikes hit tech sentiment
RECAP: Asian shares pulled back on Friday after a stellar quarter, as hefty price hikes by Apple revealed the downside of booming chip demand and depressed tech shares, while the threat of Japanese intervention kept the yen from hitting 40-year lows.
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