Global equity markets extended their decline on Tuesday, with technology stocks bearing the brunt of the selling pressure.
The rout followed a losing session on Wall Street, where tech-heavy indices struggled to find support as investors moved to lock in gains after a prolonged rally.
The sell-off intensified in Asia, where equity markets staged a sharp reversal from record levels.
The decline was driven by aggressive profit-taking in the technology sector, which had been the primary engine of recent market gains.
South Korea’s Kospi index tumbled significantly, reflecting the severity of the correction in the region.
The broad-based nature of the decline suggests that the pullback is not limited to a few high-flying names but is affecting the wider market.