Tech rout intensifies as selloff grips global stocks
Global stocks sold off on Tuesday, led by deep losses for tech stocks following a losing session for the sector on Wall Street.
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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2026.
Brendan McDermid | Reuters
Global stocks sold off on Tuesday, led by deep losses for tech stocks following a losing session for the sector on Wall Street.
Shares in Asia were broadly lower by the end of the day's trading session, with South Korea's tech-heavy Kospi index closing 10% lower. The index was dragged down by chipmaker SK Hynix and tech giant Samsung, with both companies ending the session on losses of more than 12%.
In Europe, shares also 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.
Meanwhile, 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.
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