Global Tech Stocks Plunge as Selloff Hits Asia, Europe, and U.S. Futures

Global stocks sold off on Tuesday, led by deep losses in the technology sector following a losing session for tech stocks on Wall Street. South Korea's Kospi index closed 10% lower, dragged down by chipmaker SK Hynix and tech giant Samsung, both ending more than 12% down. The selloff extended across multiple markets, with European stocks falling sharply and U.S. futures declining ahead of the regular trading session.

Kospi Index Closes 10% Lower on Chipmaker Losses

Shares in Asia were broadly lower by the end of Tuesday's trading session. South Korea's tech-heavy Kospi index closed 10% lower, dragged down by chipmaker SK Hynix and tech giant Samsung. Both companies ended the session on losses of more than 12%.

European Stocks Decline as Tech Index Drops 3.2%

In Europe, shares fell sharply as the pan-European Stoxx 600 shed 1.2% in early trading. The Stoxx 600 Technology index led regional losses with a decline of 3.2%. Chipmaker STMicroelectronics and Dutch semiconductor equipment maker ASMI were both down more than 7%, putting them among the biggest downward movers on the Stoxx 600.

Nasdaq 100 Futures Lose 2.7% Ahead of Trading Session

Futures tied to New York's Nasdaq 100 index — home to Nvidia, Apple, Alphabet and Microsoft — lost 2.7% ahead of Tuesday's regular trading session.

FAQ

What caused the global tech stock selloff on Tuesday?

The selloff followed a losing session for the tech sector on Wall Street. Specific losses included South Korea's Kospi index closing 10% lower, Europe's Stoxx 600 Technology index declining 3.2%, and Nasdaq 100 futures losing 2.7%.

Which companies experienced the largest losses on Tuesday?

SK Hynix and Samsung both ended the session with losses of more than 12%. In Europe, STMicroelectronics and ASMI were down more than 7%, ranking among the biggest downward movers on the Stoxx 600.