US Stock Futures Drop 1.9% as Megacap Tech Selloff Spreads to Asian AI Stocks
Updated
Updated · Bloomberg · Jun 23
US Stock Futures Drop 1.9% as Megacap Tech Selloff Spreads to Asian AI Stocks
3 articles · Updated · Bloomberg · Jun 23
Summary
Nasdaq 100 futures fell 1.9% and S&P 500 futures lost 1% by 2:14 p.m. in Singapore, extending a risk-off move into Tuesday trading.
Asian AI-related and chip stocks came under pressure after a selloff in US megacap technology names spilled across markets, dragging futures lower.
Brent crude slipped below $78 a barrel after the US issued a 60-day license allowing Iran to sell oil internationally, easing one inflation concern even as investors watched for progress in US-Iran peace talks.
The market setup left equities caught between weakening tech sentiment and tentative geopolitical relief from lower oil prices.