Tech Stocks Sell-Off Leads Global Markets Downward 10% Declines
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowGlobal stocks faced significant declines, particularly in the tech sector, with the South Korean Kospi index closing 10% lower, impacted by SK Hynix and Samsung, both down over 12%. In Europe, the Stoxx 600 fell approximately 1%, with its Technology index declining by 3% led by STMicroelectronics and ASMI, both down over 7%. Futures for the Nasdaq 100, including Nvidia (NVDA), Apple (AAPL), Alphabet (GOOGL), and Microsoft (MSFT), dropped by 2.7%. The iShares Semiconductor ETF decreased by 6.2%, with Intel down 7.6%, Micron down 8.5%, and AMD down 6.2%.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Apple Inc. (AAPL)
Apple designs and sells consumer electronics: the iPhone, Mac, iPad and Apple Watch. It also runs a fast-growing services business spanning the App Store, iCloud and Apple Pay.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier AAPL news
- Apple (AAPL) Offers Up to 60% Off During Prime Day Sales
- US Stock Futures Plunge as Tech Rout Impacts Asian Markets
- Magnificent 7 Stock Pullback as Buying Opportunity: Analyst Insights
- Tata Electronics Cyber Breach Exposes Apple and Tesla Secrets
- PayPal (PYPL) Reports 11% Payment Volume Growth to $464 Billion
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