South Korea's tech-heavy Kospi index falls 10%, dragged down by SK Hynix and Samsung; STMicro, ASML, and others fall ~7%, and US tech and chip stocks drop
Global stocks sold off on Tuesday, led by deep losses for tech stocks following a losing session for the sector on Wall Street.
CNBC Chloe Taylor
Related Coverage
- South Korea's KOSPI plunges nearly 10% after regulator cautions on leveraged ETFs Reuters
- Big Tech leads sell-off in global stocks Financial Times
- Foreign sell-off in Samsung Electronics, SK hynix drags KOSPI down 10% The Korea Times · Jun Ji-hye
- Stock futures are little changed after tech sell-off drags down S&P 500: Live updates CNBC · Lisa Kailai Han
- SpaceX sheds $400bn in market value as debut rally hits reverse Financial Times
- Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides Reuters · Shashwat Chauhan
- SpaceX sheds $400B in market value as debut rally hits reverse Hacker News
- The Tech Sell-off Goes Global New York Times
- Tech sell-off deepens as Nasdaq futures slide 2.8% Yahoo Finance · Cris Tolomia
- Tech Stocks Drag on US Indexes as AI Rout Hits Global Markets Bloomberg
- South Korea's KOSPI Index Falls 10% Amid Signals That Tech Raly Could Be Overheated International Business Times · Demian Bio
- SpaceX Drops Below IPO Price As Stock Falls For Fourth Day In a Row International Business Times · Demian Bio
- Attractively Valued Micron Stock Seems Poised for Further Upside After Q3 Earnings Barchart.com · Faisal Humayun Khan
- Nasdaq 100 set to drop $1 trillion amid tech selloff as SpaceX valuation slips The American Bazaar · Nileena Sunil
- In The AI Age, A Tech Rout Affects The U.S. Stock Market A Lot Forbes · John Werner
- SpaceX stock drops Tuesday as tech stocks plunge: What could happen next. Mashable · Matt Binder
- US Stocks Fall as Global Tech Selloff Deepens Morningstar · Karen Gilchrist
- Stocks Fall Again, Dragged By Chipmakers; Defensive Stocks Climb International Business Times · Demian Bio
- Asian Stocks Set to Extend AI Chip-Fueled Selloff: Markets Wrap Bloomberg · Toby Alder
Discussion
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@barchart
@barchart
on x
Trading has been halted in South Korea after stocks plunge 10% 📉📉 Black Tuesday is upon us 🚨🚨 [image]
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@zerohedge
@zerohedge
on x
And Korea halts program selling right on cue *KOREA EXCHANGE ACTIVATES SIDECAR TO HALT KOSPI PROGRAM SELLING
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@ole_s_hansen
Ole S Hansen
on x
Today's technology-led selloff, which has seen the KOSPI tumble 10% and the Nasdaq retreat below 30,000, has triggered broad-based risk reduction across asset classes, including industrial metals. The weakness has been particularly pronounced in metals linked to the energy [image…
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@firstsquawk
@firstsquawk
on x
South Korea's benchmark KOSPI finished the session down 9.99%, the steepest daily loss since March 4.
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@divestech
Dan Ives
on x
A day after SK Hynik overtook Samsung as South Korea's most valuable listed company and the KOSPI hit its historic 9K record, today the tech heavy index is down ~10%. Clearly this will cause selling pressure for US tech stocks. We remain firmly bullish to own AI tech winners🐂🏆
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NewsMax.com
NewsMax.com
on x
Tech Rout Deepens as Nasdaq Futures Slide Nearly 3%
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r/BetterOffline
r
on reddit
Tech rout intensifies as sell-off grips global stocks