Tech stocks plunge in Asia after record rally and renewed Middle East attacks

Image for article 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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