Global tech stocks plunge as selloff sweeps markets from Asia to Europe
By
Chloe Taylor
14d ago· 2 min readenNews
Summary
Global stocks experienced a significant selloff on Tuesday, led by deep losses in the technology sector. South Korea's tech-heavy Kospi index closed 10% lower, dragged down by chipmaker SK Hynix and Samsung, both falling over 12%. European markets also declined sharply, with the Stoxx 600 shedding 1.2% and the Stoxx 600 Technology index dropping 3.2%, led by chipmaker STMicroelectronics. The selloff followed a losing session for tech stocks on Wall Street.
Source
bskyGlobal tech stocks plunge as selloff sweeps markets from Asia to Europecnbc.comKey quotes
· 3 pulledSouth Korea's tech-heavy Kospi index closing 10% lower
chipmaker SK Hynix and tech giant Samsung, with both companies ending the session on losses of more than 12%
The Stoxx 600 Technology index led regional losses, with a decline of 3.2%
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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