Markets fall after tech losses hit Wall St

By Agence France-Presse

Jun 22, 2024 12:37 am

HONG KONG — Asian and European markets mostly fell Friday following a broadly negative lead from Wall Street, where tech giants led a sell-off on profit-taking, while traders are on intervention watch as the yen retreats toward a three-decade low.

A batch of worse-than-forecast US data provided further signs that the world's No. 1 economy was softening, but that was not enough to help push the S&P 500 and Nasdaq to record highs.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Inflation unchanged at 2.9%

DBCC to adjust targets 'if needed'

Private sector urges budget transparency

PSA to change base year to 2023 in 2026

Business group backs mining bill

No to increase in taxes

Results-as-a-Service: The next evolution in business