Global tech stocks plunge as sell-off sweeps markets from Asia to Europe
By
Chloe Taylor
1h ago· 4 min readenNews
Summary
Global stock markets experienced a significant sell-off on Tuesday, with tech stocks leading the decline. South Korea's tech-heavy Kospi index fell 10%, dragged down by chipmaker SK Hynix and Samsung, both losing over 12%. European markets also fell sharply, with the Stoxx 600 Technology index declining 3%. The sell-off followed a losing session for the tech sector on Wall Street.
Source
bskyGlobal tech stocks plunge as sell-off sweeps markets from Asia to Europecnbc.comKey quotes
· 4 pulledSouth Korea's tech-heavy Kospi index closing 10% lower.
The index was dragged down by chipmaker SK Hynix and tech giant Samsung, with both companies ending the session on losses of more than 12%.
In Europe, shares also fell sharply as the pan-European Stoxx 600 shed around 1%, paring earlier deeper losses by the afternoon.
The Stoxx 600 Technology index led regional losses, declining 3%.
Global stocks sold off on Tuesday, led by deep losses for tech stocks following a losing session for the sector on Wall Street.
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