Nasdaq 100 Futures Tumble 2.6% as Global Tech Selloff Knocks Kospi 10%
Updated
Updated · Bloomberg · Jun 23
Nasdaq 100 Futures Tumble 2.6% as Global Tech Selloff Knocks Kospi 10%
3 articles · Updated · Bloomberg · Jun 23
Summary
Nasdaq 100 futures fell 2.6% and S&P 500 contracts lost 1.4% as the tech-led selloff deepened into Tuesday after earlier declines in Asian trading.
High-flying technology shares drove the retreat, with investors growing uneasy about stretched valuations after outsized gains across AI and memory-linked stocks.
South Korea’s Kospi dropped 10% from a record high, underscoring how the rout spread beyond Wall Street into broader global equity markets.
Memory stocks posted some of the sharpest losses, and SpaceX was poised to slip below its $150 first-day opening price, highlighting pressure on speculative growth names.