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Tech sell-off widens as Asian markets dive
Published 3 weeks, 4 days ago
Description
The market reaction to Friday’s better-than-expected US jobs report started bad and got worse. The Nasdaq closed down 4.2%, marking its steepest decline since April 2025, following ‘Liberation Day’. The sell-off spread to Asia this morning, where investors slammed the brakes on the red-hot AI rally. South Korea’s KOSPI fell by more than 8%, triggering circuit breakers. Mensur Pocinci, Head of Technical Analysis, explains why he thinks the latest weakness in tech is a well-deserved pause, and why gold is on the watch list.
- (00:00) - Introduction: Bernadette Anderko, Product & Investment Content
- (00:21) - Markets wrap-up: Jan Bopp, Product & Investment Content
- (06:44) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis
- (10:39) - Closing remarks: Bernadette Anderko, Product & Investment Content
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