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Asian stocks declined today, as significant increases in Apple product prices raised concerns about the impact of rising chip costs on tech companies' profits. The MSCI Asia-Pacific Index fell by 3%, the Japanese Nikkei index dropped by 4.2%, and the KOSDAQ index in Korea decreased by 5.8%. Additionally, the Japanese yen steadied near its lowest level in 40 years, and Apple’s stock declined by 6.1% after raising the prices of its products to offset the higher chip costs.
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