Selling pressure is intensifying in the semiconductor and artificial intelligence sectors as investors reduce exposure ahead of key US macroeconomic data.
The move marks a continuation of the sharp reversal that has plagued chip stocks, which had previously more than doubled in value since lows triggered by geopolitical tensions.
A key index of chip manufacturers fell 7% in the session, underscoring growing caution among traders.
A key index of chip manufacturers fell 7% in the session, underscoring growing caution among traders.
US equity markets reversed early gains to trade lower, with the technology sector weighing heavily on major indices.
This downturn represents the second consecutive session of weakness for tech shares, suggesting the pullback is not merely a one-day anomaly but a broader shift in sentiment.
The final trading session of the week is dominated by the release of US labor market data, which will provide critical insight into the economy's resilience.