Tech Stock Sell-Off Pauses, Nasdaq Futures Up 0.1%, VIX Index Surges 7%, Silver Plunges Another 10%, Bitcoin Falls Below $70,000
Global markets extended their sell-off on Thursday, with tech stocks and commodities facing significant declines. The Nasdaq 100 recorded its worst two-day drop since October, breaching its 100-day moving average. Losses spread from the U.S. to Asia, with foreign investors selling a record $3.4 billion worth of Korean Kospi shares. Silver plunged over 16%, gold fell more than 3%, and iron ore dropped toward $100 per ton. Bitcoin also declined, falling below $71,000. European stocks opened mixed as investors shifted toward defensive sectors amid concerns over AI-driven valuations, rising capital expenditure, and potential profit erosion in tech business models. Oil prices fell as geopolitical tensions eased slightly.
华尔街日报02/05 11:44