Global equity markets continued their downward trajectory on Monday, with Asian indices tracking losses from Wall Street and European futures signaling further weakness ahead of the open.
The broad-based sell-off reflects growing investor anxiety regarding the Federal Reserve’s monetary policy path, as expectations for interest rate hikes this year have intensified.
The Nasdaq Composite remains under significant pressure, having recorded a 5% decline in late trading on the previous session.
The Nasdaq Composite remains under significant pressure, having recorded a 5% decline in late trading on the previous session.
This sharp drop marked the steepest single-session fall for the tech-heavy index in months, erasing recent gains and highlighting the vulnerability of growth stocks to shifting rate expectations.
The selloff was particularly concentrated in the technology sector, where valuations have come under scrutiny amid fears that higher-for-longer rates will compress future earnings multiples.
While geopolitical developments, including reported progress in peace negotiations between the United States and Iran, provided a counter-narrative, market participants appeared more focused on macroeconomic headwinds.