Asian Markets Plunge on Tech Stocks Amid Apple Price Hikes and AI Valuation Concerns

Despite AAPL being in oversold territory with an RSI of 26.4, the MACD and signal line remain in negative territory with strong downward momentum. The stock is trading well below its 20- and 50-day moving averages, indicating short-term weakness. Sharp declines in Asian tech stocks could negatively impact global risk appetite, adding further pressure on AAPL. Although technical indicators signal oversold conditions, the downtrend and negative news flow suggest a low probability of recovery. Therefore, the bearish trend is expected to continue in the near term.

The Nikkei 225 index fell sharply by 3.8% to 68,841, closing below its 20-day moving average of 70,390. The RSI is approaching oversold territory at 34.8, while the MACD remains below the signal line and in negative territory. The headline confirms selling pressure driven by technology stocks in Asian markets. In the short term, downward momentum may persist, but oversold conditions could trigger a technical rebound.

KOSPI experienced a sharp decline of 9.1% from its previous close, falling to the 1330 level. The RSI at 36.6 is approaching but has not yet entered oversold territory, suggesting that selling pressure may persist. The MACD line is well below the signal line and in negative territory, indicating strong bearish momentum. The price is trading significantly below the 20-day and 50-day simple moving averages (1391 and 1419), confirming a weak short-term trend. The headline 'Asian markets plunge on tech stocks' suggests that KOSPI is part of a regional sell-off wave, and this negative sentiment may continue in the near term.