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Hang Seng Index Breaches 19,000 Mark as Tech Earnings Miss Trigger Heavy Selloff
Hong Kong stocks plunged as the Hang Seng Index fell below the key 19,000 level, driven by disappointing earnings from tech giants like Tencent and Alibaba, alongside tightening liquidity. Analysts weigh sector divergence and outlook for the market.
Tech Giants Lead Nasdaq to Biggest Single-Day Drop of the Year as Rate Hike Expectations Weigh on Valuations
U.S. stocks suffered a severe selloff, with Apple, Tesla, Nvidia, and other tech giants all declining, dragging the Nasdaq to its largest single-day drop of the year. Analysts cite rising Fed rate hike expectations and tech valuation pressures as key factors, prompting a shift to defensive assets.
Tech Giants Lead Nasdaq to Biggest Single-Day Drop in Two Months: Apple, Tesla, Nvidia Tumble
The Nasdaq Composite suffered its largest single-day decline in nearly two months as major tech stocks including Apple, Tesla, and Nvidia fell sharply. Analysts point to valuation pressures, shifting rate expectations, and a change in market sentiment as key drivers of the selloff.
