{"id":61887,"date":"2026-06-23T10:01:08","date_gmt":"2026-06-23T10:01:08","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/61887\/"},"modified":"2026-06-23T10:01:08","modified_gmt":"2026-06-23T10:01:08","slug":"tech-rout-intensifies-as-selloff-grips-global-stocks","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/61887\/","title":{"rendered":"Tech rout intensifies as selloff grips global stocks"},"content":{"rendered":"

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2026. <\/p>\n

Brendan McDermid | Reuters<\/p>\n

Global stocks sold off on Tuesday, led by deep losses for tech stocks following a losing session for the sector on Wall Street. <\/p>\n

Shares in Asia were broadly lower by the end of the day’s trading session, with South Korea’s tech-heavy Kospi<\/a> index closing 10% lower. The index was dragged down by chipmaker SK Hynix<\/a> and tech giant Samsung<\/a>, with both companies ending the session on losses of more than 12%. <\/p>\n

In Europe, shares also fell sharply as the pan-European\u00a0Stoxx 600<\/a>\u00a0shed 1.2% in early trading.<\/p>\n

The Stoxx 600 Technology index led regional losses, with a decline of 3.2%. Chipmaker STMicroelectronics<\/a> and Dutch semiconductor equipment maker ASMI<\/a> were both down more than 7%, putting them among the biggest downward movers on the Stoxx 600.<\/p>\n

Meanwhile, futures<\/a> tied to New York’s Nasdaq 100<\/a> index \u2014 home to Nvidia<\/a>, Apple<\/a>, Alphabet<\/a> and Microsoft<\/a> \u2014 lost 2.7% ahead of Tuesday’s regular trading session. <\/p>\n

In pre-market trading on Wall Street, the iShares Semiconductor ETF<\/a> was down 5.9%, with individual chip stocks notching big losses. Intel<\/a> was last seen trading 7.8% lower, while Micron<\/a> lost 8.4% and AMD<\/a> was down by 6%. Chipmaking giant Nvidia<\/a> was 3% lower.<\/p>\n

\"Global<\/p>\n

SpaceX<\/a> shares also extended its sell-off, moving 3.6% lower in pre-market trading after falling<\/a> 16% during Monday’s regular session.<\/p>\n

A pullback in the wider tech sector dragged both the S&P 500<\/a> and the Nasdaq Composite<\/a> lower on Monday, with investors rotating out of the so-called “Magnificent Seven” stocks. Amazon<\/a> and Meta<\/a>‘s sharp declines extended into pre-market trading on Tuesday, with the stock shedding 1% and 0.7%, respectively. <\/p>\n

This is a developing story, please refresh for updates.<\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June…\n","protected":false},"author":2,"featured_media":61888,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[3849,19095,20643,3550,34760,3507,2506,2514,3931,2512,3511,451,26868,2513,22979,13209,34759,3907,2510,3551,2509,241,275,2508,34741,34745,1013,3909,7276],"class_list":["post-61887","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sk-hynix","tag-advanced-micro-devices-inc","tag-alphabet-class-a","tag-amazon-com-inc","tag-apple-inc","tag-asm-international-nv","tag-breaking-news-markets","tag-breaking-news-technology","tag-business-news","tag-intel-corp","tag-ishares-semiconductor-etf","tag-kospi-index","tag-markets","tag-meta-platforms-inc","tag-micron-technology-inc","tag-microsoft-corp","tag-nasdaq-100-fut-sep25","tag-nasdaq-100-index","tag-nasdaq-composite","tag-nvidia-corp","tag-sp-500-index","tag-samsung-electronics-co-ltd","tag-sk","tag-sk-hynix","tag-sk-hynix-inc","tag-space-exploration-technologies-corp","tag-stmicroelectronics-nv","tag-technology","tag-technology-select-sector-spdr-fund","tag-world-markets"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/61887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=61887"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/61887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/61888"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=61887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=61887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=61887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}