As the Apple report fuels economic concerns, Asian markets decline.


HONG KONG: Tuesday saw a decline in most stocks following a Wall Street sell-off fueled by new recession fears in response to news that Apple planned to cut back on spending because of the uncertain economic outlook. The decline in most Asian markets also occurred as oil maintained a Monday surge brought on by dimming hopes that Joe Biden had persuaded Saudi Arabia to increase production in order to ease a supply crisis and stabilise prices.

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