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stocksJun 26, 2026, 3:32 AM

Asian Markets Tumble as Apple Price Hike Stirs Inflation Fears; KOSPI Drops Over 8%

Asian equity markets slumped on Friday, with South Korea's KOSPI falling over 8%, after Apple's price increase due to memory chip shortages fueled global inflation fears and concerns about corporate earnings.

AAPLKOSPI

Asian equity markets experienced a sharp sell-off on Friday, led by South Korea's KOSPI which plunged over 8%. The decline followed Apple Inc.'s announcement of price increases attributed to memory chip shortages, stoking fears of persistent global inflation.

Investors are also reevaluating earnings forecasts for companies heavily dependent on these advanced chips, amplifying the risk-off mood across the region.

Source: FXStreet Forex News