US equity markets are bracing for a significant downturn as technology stocks continue to face heavy selling pressure.
Nasdaq 100 futures have tumbled approximately 2.8% in early trading, while S&P 500 futures are down 1.4%, signaling a broad-based retreat across major indices.
The decline marks a continuation of the sharp downturn that began in the previous session, with investors moving to de-risk positions amid growing uncertainty in the tech sector.
The selloff is not confined to US-listed names.
South Korean technology giants, including Samsung Electronics and SK Hynix, are also seeing their shares slide, reflecting the global nature of the risk-off sentiment.
The coordinated drop across Asian and US markets suggests that the pressure is driven by macro-level concerns rather than company-specific issues, forcing traders to reassess exposure to growth-oriented assets.