Asia stocks jolted by renewed tech sell-off after Apple raises prices
A renewed sell-off in technology shares jolted Asian stock markets after Apple raised prices on some products. Analysts say the hikes are a sign that the industry's pricing power may come at the expense of future demand.
Asian stock markets fell during the session as a renewed sell-off swept through technology shares. The declines gathered pace after Apple raised prices on some of its products.
According to the Straits Times, the price hikes point to the industry's strong pricing power, but they have also raised concern that higher prices could weaken future demand. Technology stocks, chipmakers in particular, came under pressure.
Globally, tech-heavy indexes have traded choppily in recent sessions amid stretched valuations. Investors are closely watching the sustainability of the AI-driven rally and the profit margins of major companies, wary that any sign of softening demand could trigger sharper moves.
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