Stocks Slide, Tech Hit, Dollar Rises as Yen Draws Caution
US equity futures point lower as tech unwinding weighs, while the dollar strengthens and traders grow cautious on the yen. South Korea's Kospi fell 10% today but remains up nearly 95% for the year.
Markets are facing a fresh disruption as tech investment unwinds, adding to pressures from US tariffs and Middle East conflict. The S&P 500 and Nasdaq are set to open sharply lower, with South Korea's Kospi dropping 10% in today's session.
The greenback is trading higher, but market participants are turning more cautious on the yen amid shifting risk sentiment. Despite the steep daily decline, the Kospi still holds onto gains of nearly 95% for the year.
Source: FXStreet Forex News