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Asian stocks, particularly technology shares, fell ahead of the start of voting in the U.S. midterm elections, amid concerns over AI spending and earnings. Oil prices were steady after dropping in the previous session. The MSCI Asia-Pacific ex-Japan index fell 1.4%, while South Korean stocks dropped 4.1% and Taiwanese stocks fell 3.3%. Pressure increased after Apple forecast a decline in its gross margin due to higher memory-chip costs. The company’s shares fell 2.8% in after-hours trading.
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