Tech Stocks Tumble: A Reality Check Amid Global Market Woes
A global market downturn saw Tokyo's Nikkei 225 plummet, driven by Big Tech sell-offs. Asian markets mostly suffered, though Chinese indices were less affected. Wall Street's tech giants like Nvidia and Microsoft experienced declines, reflecting broader market unease over corporate earnings and economic data scarcity.
- Country:
- Thailand
Tech stocks played a leading role in a global market downturn on Wednesday as Tokyo's benchmark Nikkei 225 index dipped over 4 percent amidst heavy sell-offs in Big Tech shares.
The decline mirrored sentiment on Wall Street, where recent tech-driven gains reversed. SoftBank and Samsung recorded significant losses as concerns mounted over artificial intelligence investments.
Investors also faced uncertainties with the lack of economic data due to a U.S. government shutdown, casting doubt on market direction amid upcoming corporate earnings reports.
Advertisement
ALSO READ
-
Wall Street Woes: Tech Stocks Face Investor Scrutiny
-
Wall Street's Uncertain Path: Tech Stocks and Market Valuation Concerns
-
Tech Stocks Tumble Amid Valuation Concerns and AI Hypes
-
Tech Stocks Propel Asian Markets Amid Mixed Economic Signals
-
Tech Stocks Surge: Boosted by AI Investments and Strong Forecasts
Google News