Nasdaq futures plunge 2.3% as tech sell-off spreads to global equities

Wall Street's technology-led decline is dragging down European and Asian markets, with South Korea's Kospi tumbling 10% in a sharp reversal from record highs.

By Handelsavisen Newsroom · Automated 2026-06-23 08:42 UTC · 1 min read

U.S. equity futures are trading sharply lower on Tuesday, extending a broad-based sell-off that began on Wall Street and has since rippled across global markets.

The technology sector remains the primary driver of the decline, with heavy losses among mega-cap names weighing heavily on major indices.

South Korea’s benchmark Kospi index fell 10%, marking a severe reversal from recent record levels.

Nasdaq 100 futures slid 2.3% by 4 a.m.

ET, while S&P 500 futures dropped 1.4%.

The weakness in U.S. tech giants has triggered a contagion effect in Asia, where investors are aggressively taking profits after a prolonged rally.

South Korea’s benchmark Kospi index fell 10%, marking a severe reversal from recent record levels.