Tokyo and Taipei lead global tech selloff as oil surges past $86

Price ActionGeopoliticsCommodity Impact 4

โดย Yahoo Finance·Read original

Summary · why it matters

Tokyo and Taipei stock markets led a global technology selloff on Friday, with Japan's Nikkei ending down 4 percent and Taiwan's Taiex plunging 6.5 percent. Chipmaker Kioxia collapsed 16 percent, losing around half its value since briefly becoming Japan's biggest firm by market capitalisation last month, while TSMC retreated more than 7 percent a day after announcing record profit and a further $100 billion US investment. The rout spread to Europe and Wall Street, where the Nasdaq slumped 1.8 percent and Netflix tumbled more than 10 percent after warning of slowing sales growth. Oil prices rallied as the US and Iran traded fresh attacks, with Brent crude rising 2.8 percent to $86.58 a barrel and West Texas Intermediate up 3.2 percent to $80.79. Analysts cited overbought tech concerns and escalating Middle East tensions as twin drivers of the risk-off mood.