Newscasts - Global markets slide as tech valuations worry investors

Siemens Energy AG

18/11/2025 10:34

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Source: 'Reuters - Business videos'

Description: Global stocks sagged on Tuesday with the heaviest selling in Japan and South Korea's tech-driven markets as earnings at chipmaker Nvidia loom later in the week could test valuations across the sector. Francis Maguire reports.

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Video Transcript:

Global stocks were down on Tuesday. Investors sold off ahead of key economic data and due to concerns about a potentially overvalued tech sector. Asian stocks fell to one-month lows while European shares had their worst day in a week. Japan and South Korea's tech-driven markets were down. Japan's Nikkei fell 3% and was on track for its largest one day fall since April. While South Korea's KOSPI didn't fare much better and also dropped more than 3%, other Asian bourses also struggled early Tuesday. The weakness across Asian stocks followed an extended sell off on Wall Street overnight. The pan-European STOXX 600 continued that trend and dropped more than 1% in early trade. AI equipment makers like Siemens Energy and ABB lost ground. The global downward trend comes ahead of this week's earnings report at chipmaker NVIDIA. Investors will look for signs of weakening in a sector that has driven the stock market's rally over recent months. It also comes with markets preparing for a range of economic data releases. Traders are also wary of a long-delayed US jobs report due on Thursday. Some believe the data might lower hopes for an interest rate cut by the US Federal Reserve next month.