Asian Stocks Are Mixed After Big Tech Sell-Off
Nasdaq futures fell more than 2.5% as investors priced in tighter Federal Reserve policy and a stronger dollar.
- Global stocks fell on Tuesday, led by broad-based declines in technology shares including SpaceX, as growing expectations for the Federal Reserve to be more aggressive in tackling inflation drove investors into bonds and the dollar.
- Rising volatility in technology shares prompted renewed questions about AI infrastructure spending, as analysts warn some corporate giants may sell equity to fund expansion, while new Fed Chair Kevin Warsh appears poised to take a tougher line on inflation.
- South Korea's KOSPI index fell 10 per cent in its largest one-day selloff since March, while Japan's Nikkei 225 lost 3.6 per cent on Tuesday, as European semiconductor makers also faced significant pressure.
- Two-Year Treasury yields reached their highest levels in 16 months, while oil prices remained below $80 a barrel, with investors focused on the impact of energy prices on central bank policy.
- Investors are awaiting Thursday's report on the personal consumption expenditures price index, or PCE, which is the preferred inflation gauge for the Fed, as some economists predict the central bank may hold key interest rates this year.
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34 Articles
Associated Press News
US stocks waver as tech companies slip and oil prices continue falling
Stocks are wavering as technology stocks once again weigh on the market, though falling bond yields and lower oil prices helped ease some pressure.
Global stocks rattled by Fed reality check; oil prices ease
Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to tackle inflation, even after a 16% drop in oil prices this month. The STOXX 600 fell 1.2%, under pressure from declines in European semiconductor and chip-equipment makers, which followed declines in tech stocks in Japan and South Korea, where Seoul’s KOSPI index fell 10% in its largest one-da…
Big Tech Sell-Off Drags Global Markets Into Red
EBM NEWSDESK ANALYSIS-Anthony Gill Wall Street’s mega-cap technology names triggered a fresh and uncomfortably familiar wave of selling this week, and the contagion moved fast — from the Nasdaq to Seoul to Frankfurt to Amsterdam within a single trading cycle. The pattern is becoming the defining rhythm of 2026 markets: sharp AI-led drawdowns, partial recoveries, repeat. The Nasdaq’s reversal The Nasdaq Composite closed Monday down 1.32%, or 351…
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