Global equity markets faced renewed selling pressure on Tuesday, with negative sentiment originating in the United States spreading to Asian and European trading sessions.
The broad-based decline reflects a shift in investor appetite, as the previous enthusiasm for artificial intelligence plays gives way to caution over stretched valuations and the prospect of higher interest rates.
Technology stocks bore the brunt of the selling pressure, extending a decline that began on Wall Street.
Tech-heavy indices struggled to find support as investors reassessed the risk-reward profile of high-multiple growth names.
The rout underscores a growing unease among market participants regarding the sustainability of recent gains in the sector, particularly as macroeconomic headwinds intensify.
The dual headwind of valuation concerns and rising rate expectations has prompted a rotation out of risk assets.