Nasdaq and S&P 500 futures fell as a global technology selloff pressured chip stocks, including Micron, and pushed South Korea’s Kospi sharply lower.
Nasdaq futures tumbled as a technology-led selloff spread through global markets, with Micron dropping 9% and South Korea’s Kospi falling 10%, according to a CNBC live markets update.
The decline added pressure to U.S. stock futures more broadly, with the S&P 500 also indicated lower as chip stocks came under fresh strain. The move reflected a sharper turn in sentiment around companies tied to artificial intelligence, a trade that has helped drive market gains but is now facing renewed scrutiny.
Market coverage cited by CNBC and other outlets described the selling as global, with technology shares at the center of the pullback. Oil was also reported lower, underscoring a wider risk-off tone across markets.
The sharp move in the Kospi pointed to the intensity of the pressure in Asia, where semiconductor and AI-linked companies are closely watched by global investors. Micron’s drop added to concerns that weakness in chip stocks could weigh heavily on major U.S. indexes, especially the tech-heavy Nasdaq.
The next test for markets will be whether the selloff remains concentrated in chip and AI-linked names or broadens into a deeper retreat across equities as U.S. trading develops.
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