{"id":1517897,"date":"2026-06-24T05:45:42","date_gmt":"2026-06-24T10:45:42","guid":{"rendered":"https:\/\/ktbb.com\/post\/?p=1517897"},"modified":"2026-06-24T05:46:23","modified_gmt":"2026-06-24T10:46:23","slug":"world-shares-are-mixed-after-a-big-tech-sell-off","status":"publish","type":"post","link":"https:\/\/ktbb.com\/post\/?p=1517897","title":{"rendered":"World shares are mixed after a Big Tech sell-off"},"content":{"rendered":"

\"\"
A currency trader passes by a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 12, 2026. (AP Photo\/Ahn Young-joon)<\/figcaption><\/figure>HONG KONG (AP) \u2014 World shares were mixed Wednesday following a sell-off in big technology stocks from Asia to Wall Street.<\/p>\n

U.S. stock futures were also trading mixed, as global investors monitor market movements including in Japan and South Korea, which have seen big gains in recent months on the global AI boom but both fell sharply on Tuesday.<\/p>\n

In early European trading, Britain\u2019s FTSE 100 edged down 0.1% to 10,417.97. Germany’s DAX fell 0.8% to 24,687.18, while France’s CAC 40 was 0.2% higher at 8,355.36.<\/p>\n

In Asia, South Korea\u2019s benchmark Kospi index was up 3.3% to 8,471.02, recovering from its 10% decline on Tuesday. Shares of memory chipmaker SK Hynix, one of the country’s most valuable stocks, climbed 1%. Samsung Electronics jumped 9.8%, after Tuesday\u2019s 12.3% plummet.<\/p>\n

Tokyo\u2019s Nikkei 225 lost 0.9% to 69,174.97 after falling 3.6% on Tuesday.<\/p>\n

Taiwan\u2019s Taiex, which is also heavily influenced by tech shares, fell 2.2%.<\/p>\n

Hong Kong\u2019s Hang Seng was 0.3% higher at 23,412.18. The Shanghai Composite index was up 0.1% to 4,110.81. Australia\u2019s S&P\/ASX 200 edged up 0.2% to 8,808.40.<\/p>\n

The declines in Asian markets, including Japan’s, followed Tuesday’s 1.4% drop for Wall Street\u2019s benchmark S&P 500 index. The technology-heavy Nasdaq composite fell 2.2%, while the Dow Jones Industrial Average ended 0.1% lower.<\/p>\n

Big Tech and semiconductor stocks fell in the U.S. On Tuesday, Micron Technology sank 13.2%, while Nvidia lost more than 4.1%.<\/p>\n

The big falls in tech shares were an \u201cillustration of rising volatility\u201d in these stocks, said James Reilly, senior markets economist at Capital Economics. \u201cThis is particularly true in Korea where domestic retail buyers are taking on an increasing role,\u201d he said.<\/p>\n

Oil prices fell early Wednesday, as more ships crossed the Strait of Hormuz while U.S.-Iran talks on a permanent end to the Iran war made progress.<\/p>\n

\u201cPrice movements suggest the market expects a fairly rapid recovery in Persian Gulf oil supplies,\u201d ING commodities strategists Warren Patterson and Ewa Manthey said in a commentary.<\/p>\n

Still, while vessel crossings in the strait increased in recent days, they remained well below prewar levels, they noted.<\/p>\n

Brent crude, the international standard, fell 1.6% to $75.57 a barrel. It has been trading below $80 in recent days but is still elevated compared with the approximately $70 per barrel in late February before the war began.<\/p>\n

Benchmark U.S. crude was down 1.8% to $71.92 a barrel.<\/p>\n

In the U.S., investors are awaiting a report due Thursday of May\u2019s personal consumption expenditures price index, or PCE, which is the preferred inflation gauge by the Federal Reserve.<\/p>\n

Some economists predict the Fed may hold key interest rate this year but is unlikely to raise rates. Bond yields have remained higher as inflation concerns grew amid global energy shocks.<\/p>\n

In other dealings, the U.S. dollar was trading at 161.74 Japanese yen, up from 161.55 yen. The euro was trading at $1.1347, down from $1.1382.<\/p>\n","protected":false},"excerpt":{"rendered":"

World shares were mixed Wednesday following a sell-off in big technology stocks from Asia to Wall Street.<\/p>\n","protected":false},"author":3,"featured_media":1517899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1450,1502],"tags":[],"class_list":["post-1517897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-abc-business-news","category-abc-heads"],"publishpress_future_action":{"enabled":true,"date":"2026-06-26 05:45:02","action":"change-status","newStatus":"trash","terms":[0],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1517897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1517897"}],"version-history":[{"count":2,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1517897\/revisions"}],"predecessor-version":[{"id":1517900,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1517897\/revisions\/1517900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/media\/1517899"}],"wp:attachment":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1517897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1517897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1517897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}