Nasdaq drops over 2% as global tech sell-off intensifies, South Korea halts trading
By
Victoria Craw, Miriam Waldvogel
2h ago· 1 min readenNews
Summary
Global tech stocks experienced a sharp sell-off, with the Nasdaq falling over 2% at market open and South Korea's KOSPI dropping nearly 10%, triggering a trading halt. Major semiconductor companies Samsung Electronics and SK Hynix each lost more than 12% of their value.
Source
bskyNasdaq drops over 2% as global tech sell-off intensifies, South Korea halts tradingwashingtonpost.comKey quotes
· 3 pulledGlobal stocks fell sharply Tuesday and appeared poised to extend losses in a sell-off driven by tech heavyweights.
The Nasdaq composite index was down more than 2 percent at the market's open.
South Korea's KOSPI index fell nearly 10 percent, with Samsung Electronics and semiconductor maker SK Hynix each losing more than 12 percent of their value.
Global stocks fell sharply and appeared poised to extend losses in a sell-off driven by tech heavyweights.
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