Global stock markets extended their decline on Tuesday as a broad selloff in technology shares spread from Wall Street to Asia and Europe, according to the report.
Asian markets recorded some of the steepest losses. South Korea's technology-heavy Kospi index fell 10%, weighed down by major declines in semiconductor manufacturer SK Hynix and electronics giant Samsung. Both companies ended the session with losses exceeding 12%, the report said.
European markets also came under pressure. The pan-European Stoxx 600 index dropped 1.2% in early trading, while its technology sector index fell 3.2%. According to the report, chip-related companies including STMicroelectronics and Dutch equipment maker ASMI were among the region's biggest losers.
The weakness was also evident in U.S. markets. Nasdaq 100 futures fell 2.7% ahead of trading, while semiconductor stocks such as Intel, Micron, AMD and Nvidia posted notable pre-market losses.
The report said investors continued rotating out of major technology stocks after Monday's Wall Street decline. Weakness in semiconductor shares and leading tech firms also pressured broader benchmarks, including the S&P 500 and Nasdaq Composite.
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Global stocks sold off on Tuesday, led by deep losses for tech stocks following a losing session for the sector on Wall Street.
— CNBC (@CNBC) June 23, 2026
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… pic.twitter.com/FwJsHg11RA
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