The STOXX 600 dropped 0.7% in early European trading as the tech-sector contagion spread beyond the Pacific. While equipment suppliers remained relatively resilient, the broader market sentiment soured under the weight of geopolitical friction. Rising tensions in the Middle East pushed oil prices higher, reviving dormant anxieties regarding persistent inflation and the potential path of Federal Reserve interest rate policy.
Taiwan’s market bore the brunt of the liquidation, with significant losses cascading into mainland China and Hong Kong. With U.S. futures signaling further downward pressure, the disconnect between robust corporate performance and investor confidence has become the defining tension for global portfolios heading into the weekend.
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