"Apple Downgrade Sparks Tech Slide, Hits Market and iPhone Outlook"
Asian-Pacific stock markets, particularly in South Korea and Taiwan, experienced declines as tech firms, including major chipmakers, faced pressure following a downgrade of Apple by Barclays. Apple's shares fell 4% after the downgrade, which also affected its suppliers in Asia, leading to lower market indexes in the region. In other news, India's factory activity slowed, China's online gaming stocks gained after a regulatory change, and BYD's vehicle production topped Tesla's. Meanwhile, cybersecurity stocks were under pressure in the U.S. market.