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Tech Stocks Sink On Social Media Woes

EQUITIES
  • Asian markets closed weaker: Japan's NIKKEI closed down 253.38 pts or -0.94% at 26748.14 and the TOPIX ended 16.31 pts lower or -0.86% at 1878.26. China's SHANGHAI closed down 75.93 pts or -2.41% at 3070.927 and the HANG SENG ended 357.96 pts lower or -1.75% at 20112.1.
  • European futures are lower, with the German Dax down 142.92 pts or -1.01% at 14032.77, FTSE 100 down 40.45 pts or -0.54% at 7472.44, CAC 40 down 77.34 pts or -1.22% at 6281.56 and Euro Stoxx 50 down 46.55 pts or -1.26% at 3661.46.
  • U.S. futures are down again, led by tech / social media stocks: Dow Jones mini down 280 pts or -0.88% at 31559, S&P 500 mini down 51 pts or -1.28% at 3920.75, NASDAQ mini down 226.25 pts or -1.88% at 11810.25.

Source: BBG, MNI

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