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Tech, Cyclical Stocks Lead Broad Losses

EQUITIES
  • Asian markets closed mixed: Japan's NIKKEI closed up 105.04 pts or +0.4% at 26431.2 and the TOPIX ended 11.88 pts higher or +0.64% at 1867.81. China's SHANGHAI closed down 20.021 pts or -0.61% at 3285.385 and the HANG SENG ended 462.78 pts lower or -2.17% at 20845.43.
  • European stocks are off sharply, with the German Dax down 368.86 pts or -2.74% at 13115.44, FTSE 100 down 107.63 pts or -1.48% at 7166.13, CAC 40 down 99.6 pts or -1.65% at 5929.68 and Euro Stoxx 50 down 88.29 pts or -2.5% at 3444.12.
  • U.S. futures are dropping sharply with tech stocks leading lower, with the Dow Jones mini down 600 pts or -1.96% at 30061, S&P 500 mini down 94.25 pts or -2.49% at 3694.75, NASDAQ mini down 358 pts or -3.09% at 11236.

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