Tech stocks resume decline as sell-off spreads to Asian markets
By
Leonie Kidd
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
Technology stocks are facing renewed selling pressure after a brief recovery, with the Nasdaq leading declines on Wall Street (down 0.97%). The sell-off has intensified in Asia, particularly impacting South Korea's Kospi (led by Samsung) and Japan's Nikkei 225 (dragged by SoftBank's 9% drop). No clear catalyst has been identified for the renewed selling bias, though investors are awaiting Oracle earnings for further market direction.
Key quotes
· 4 pulledTech is back in the sights of the sellers after a short-lived resurgence for chip stocks.
The Nasdaq led declines on Wall Street, closing down 0.97% to 25,679.
SoftBank has lost another 9% on the day, dragging Japan's Nikkei 225 deeper into the red.
There is no obvious catalyst for the renewed selling bias.
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