Tech stocks plunge in Asia after record rally and renewed Middle East attacks
News Source : BBC News
News Summary
- US stock markets recovered some of Friday's sharp losses on Monday.
- But other markets have fallen amid a sell-off in technology shares.
- In Asia, South Korea's stock market was forced to halt trading for 20 minutes.
- Japan's Nikkei index fell 3.9% and European markets also trading lower.
- All had suffered steep drops on Friday following a strong US jobs report.
- On Monday, markets were also rattled by a rise in oil prices, fuelling concerns of inflation.
- Iran and Israel exchanged strikes for the first time since a ceasefire was agreed.
South Koreas stock market was forced to halt trading for 20 minutes after the Kospi index plunged by nearly 9% within minutes of Mondays opening.
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