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No Relief For Tech Stocks

EQUITIES
  • Asian markets closed weaker: Japan's NIKKEI closed down 464.92 pts or -1.77% at 25748.72 and the TOPIX ended 21.97 pts lower or -1.19% at 1829.18. China's SHANGHAI closed down 3.709 pts or -0.12% at 3054.994 and the HANG SENG ended 444.23 pts lower or -2.24% at 19380.34.
  • European stocks are down sharply, with the with the German Dax down 339.38 pts or -2.45% at 13556.36, FTSE 100 down 161.12 pts or -2.19% at 7205.7, CAC 40 down 135.97 pts or -2.17% at 6152.34 and Euro Stoxx 50 down 99.56 pts or -2.73% at 3564.91.
  • U.S. futures continue to head lower, again led by tech stocks, with the Dow Jones mini down 186 pts or -0.59% at 31561, S&P 500 mini down 29.25 pts or -0.74% at 3901.25, NASDAQ mini down 142 pts or -1.19% at 11828.5.

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