Tech rout intensifies as sell-off grips global stocks

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2026.

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 around 1%, paring earlier deeper losses by the afternoon.

The Stoxx 600 Technology index led regional losses, declining 3%. 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.

In pre-market trading on Wall Street, the iShares Semiconductor ETF was down 6.2%, with individual chip stocks notching big losses. Intel was last seen trading 7.6% lower, while Micron lost 8.5% and AMD was down by 6.2%. Chipmaking giant Nvidia was 3% lower.