Global equity markets extended their losses on Tuesday, with technology stocks absorbing the heaviest selling pressure.
The broad-based decline followed a weak session on Wall Street, where indices heavily weighted toward tech struggled to find support.
Investors appear to be rotating out of high-multiple growth names as doubts mount over the near-term returns on artificial intelligence infrastructure spending.
The sell-off represents the most severe downturn for global technology shares since March.
Selling pressure has spread across major equity markets, signaling a shift in sentiment from the relentless buying that characterized the first half of the year.
The move challenges the sustainability of the current AI investment cycle, prompting traders to reassess valuation multiples in the sector.