A wave of selling is hitting technology stocks from Seoul to Wall Street

Technology and semiconductor stocks led a broad decline in Global stocks today, Tuesday.

This came after companies Major Technology Stocks.

Stock Markets

In Asia, the index ended "Cosby" South Korea, which is dominated by technology stocks, fell during the trading session by about 10%, affected by significant losses in the shares of SK Hynix and Samsung Electronics, as the shares of each of them fell by more than 12%.

The wave of decline extended to European markets, as the European index declined. "Stokes 600" by 1.2% in early trading.

The technology sector led losses in Europe, after the "Stokes 600 Technology" By 3.2%, while the shares of ST Microelectronics and the Dutch company ASMI, which specializes in semiconductor equipment, fell by more than 7% each, to be among the biggest losers on the European index.

American Stocks

In the United States, futures contracts linked to the Nasdaq 100 index fell by 2.7% before the opening of the trading session, in light of pressure on the shares of major technology companies, including Nvidia, Apple, and Alphabet. And Microsoft.

The iShares Semiconductor ETF, which specializes in the semiconductor sector, also declined by 5.9% during pre-opening trading, amid widespread losses for the sector’s shares.

Intel shares fell by 7.8%, while Micron shares lost 8.4%, and AMD shares fell by about 6%, while Nvidia shares fell by 3%.

In the same context, SpaceX shares continued the wave The decline, declining by 3.6% in pre-opening trading, after losses amounting to 16% during yesterday’s session, Monday.

The wave of decline in the technology sector had already put pressure on the two indices. "S&P 500" and"Nasdaq Composite" During Monday’s session, investors tended to reduce their positions in the group’s shares "The Magnificent Seven" Among the major technology companies.

The pressure on Amazon and Meta Platforms shares continued in pre-opening trading on Tuesday, as Amazon shares fell by 1%, while Meta shares fell by 0.7%.

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