Global Stocks Sag as Chip Selloff Deepens, Pushing Nasdaq 100 Futures Down 0.8%
Updated
Updated · Bloomberg · Oct 13
Global Stocks Sag as Chip Selloff Deepens, Pushing Nasdaq 100 Futures Down 0.8%
3 articles · Updated · Bloomberg · Oct 13
Summary
Nasdaq 100 futures fell 0.8% and S&P 500 contracts slipped 0.1% as a chipmaker selloff intensified ahead of Wall Street banks opening the US earnings season.
Samsung Electronics and SK Hynix led the retreat, dragging an Asian stock benchmark to its lowest level since August.
Europe's Stoxx 600 rose 0.3%, bucking the broader pressure as lower oil prices and bond yields lifted economically sensitive shares.
The split across regions left investors balancing sector-specific weakness in semiconductors against hopes that earnings and easing cost pressures could steady broader markets.