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Tech Stock Rout Continues

EQUITIES
  • Asian markets closed mostly weaker: Japan's NIKKEI closed down 508.36 pts or -1.89% at 26402.84 and the TOPIX ended 24.61 pts lower or -1.31% at 1860.08. China's SHANGHAI closed up 10.988 pts or +0.36% at 3096.965 and the HANG SENG ended 523.6 pts lower or -2.54% at 20120.68.
  • European futures are sharply lower, with the German Dax down 262.62 pts or -1.87% at 13739.05, FTSE 100 down 147.7 pts or -1.99% at 7285.89, CAC 40 down 105.07 pts or -1.65% at 6253.5 and Euro Stoxx 50 down 77.15 pts or -2.09% at 3614.58.
  • U.S. futures are down, with tech names leading lower: Dow Jones mini down 386 pts or -1.23% at 31054, S&P 500 mini down 53.5 pts or -1.36% at 3869.25, NASDAQ mini down 185.75 pts or -1.56% at 11749.75.

Source: BBG, MNI

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