Global values ​​markets fall after the sale of Wall Street Tech Seloff

Global values ​​markets fell sharply on Thursday after a large sale in Wall Street. Tokyo’s main index lost more than 1,300 points at one point, closing more than 3%, since global pessimism clung.

European markets fall

The main indexes of European shares also fell:

• France CAC 40 fell 1.5% to 7,400.08.

• The Dax of Germany decreased 1.2% to 18,161.70.

• The FTSE 100 of Great Britain fell 1.1% to 8,066.27.

In the US, the futures trade showed that the S&P 500 was expected to fall 0.2%, while the Dow Jones industrial average increased 0.2%.

Wall Street’s technological stocks hit hard

The US stock markets. Uu. They saw their worst losses since 2022 due to disappointing profits from Tesla and Alphabet. This ended the recent increase driven by emotion for AI technology. The S&P 500 fell 2.3%, Dow Jones fell 1.2%and Nasdaq fell 3.6%.

Asian markets do the same

Asian markets were also affected, with Japan Nikkei 225 falling 3.3% to their lowest closure from April to 37,869.51. A stronger yen hurt Japanese exporters, which leads to great falls in great stocks such as:

Other Asian markets also saw decreases:

• Hong Kong Hang Seng index fell 1.7% to 17,021.91.

• The Shanghai compound fell 0.5% to 2,886.74.

• Kospi from South Korea decreased 1.7% to 2,710.65 after the government reported an economic contraction of 0.2% in the last quarter.

Technological existence in the region were particularly difficult, with Samsung Electronics lowering almost 2%, Nintendo dropped 2.4%and the Tokyo electron that fell almost 5%.

Movements in the currency and energy market

In the currency trade, the US dollar fell to 152.50 yen of 153.89 yen. The euro increased slightly to $ 1,0844 from $ 1,0841. The increase of Yen is due to the speculation that the Bank of Japan can soon increase its very low interest rates. However, some analysts, such as Ipek Ozkardeskaya of the Swissquote bank, warn that the bank may not increase the rates, which could affect the strength of YEN.

In the energy trade, the prices of the crude oil of the United States fell 59 cents to $ 77.00 per barrel, while Brent Crude fell 56 cents to $ 81.26 per barrel.

High expectations for great technology

Investors had great hope for large technology companies, known as “Magnificent Seven”: Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla. These companies have promoted a large part of the profits of the S&P 500 this year, but now they face pressure to maintain strong growth.

Tesla, a significant player in this group, saw his shares fall by 12.3% after informing a 45% drop in profits for spring, the expectations of missing analysts. The Value of Tesla is strongly linked to its AI projects, such as its Robotaxi initiative, which are difficult to value due to uncertain deadlines and the chances of success, according to UBS analysts.

Also read: Tesla’s actions fall 10% after the mixed results of Q2; Evs affordable and Robotaxi revealed established for 2025