Apple's Price Hike Warning Sends Asian Chip Stocks to Record Highs

Just hours after Apple CEO Tim Cook warned that price increases for its products would be "unavoidable" due to rising microchip costs, stock markets in South Korea and Taiwan hit all-time highs. These markets are home to the world's largest semiconductor producers, which directly benefit from higher chip prices. The surge reflects investor confidence that Apple's price hikes will translate into greater profits for chipmakers.