Tech rout intensifies as selloff grips global stocks

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2026. Brendan McDermid | Reuters Global stocks sold off on Tuesday, led by deep losses for tech stocks following a losing session for the sector on Wall Street. 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 dragged down by chipmaker SK Hynix and tech giant Samsung , with both companies ending the session on losses of more than 12%. In Europe, shares also fell sharply as the pan-European Stoxx 600 shed 1.2% in early trading. The Stoxx 600 Technology index led regional losses, with a decline of 3.2%. Chipmaker STMicroelectronics and Dutch semiconductor equipment maker ASMI were both down more than 7%, putting them among the biggest downward movers on the Stoxx 600. Meanwhile, futures tied to New York's Nasdaq 100 index — home to Nvidia , Apple , Alphabet and Microsoft — lost 2.7% ahead of Tuesday's regular trading session. This is a breaking news story, please refresh for updates.