Market losses amidst inflation and Apple choices
Asian stocks declined after Apple announced it would increase prices for iPads and MacBooks to offset rising chip costs, leading to a 6.1% drop in the company's share price and wiping out approximately $250 billion from its market value. Markets also experienced declines amid growing inflation concerns, as demand for advanced memory chips increased. The Japanese Nikkei index ended the week down by 1.3%, while the yen approached its 40-year lows at 161.82 yen against the dollar.
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