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Hang Seng Index Falls Below 19,000 as Tech Stocks Routed, Tencent and Alibaba Lead Declines
The Hang Seng Index plunged below the 19,000 mark amid a broad sell-off in tech stocks, with heavyweights like Tencent and Alibaba leading the decline. Analysts cite multiple headwinds, prompting capital flows into defensive sectors, as markets await policy signals.
Tech Giants Lead Nasdaq Down Over 2% to Monthly Low as Pre-Earnings Selling Intensifies for Apple, Tesla, and Nvidia
U.S. stocks fell sharply on Tuesday, with the Nasdaq Composite plunging over 2% to a monthly low, led by a sell-off in major tech names like Apple, Tesla, and Nvidia ahead of their earnings reports. Shifting expectations for Federal Reserve interest rate policy and concerns over high valuations and slowing growth fueled the decline.
Tech Giants Lead Nasdaq Down Over 2% as Earnings Season and Rate Expectations Trigger Sell-Off
Apple, Tesla, Nvidia and other tech giants slumped, dragging the Nasdaq down over 2% in a single day. Earnings uncertainty and shifting rate expectations fueled panic, driving capital into defensive sectors.
