Technology stock sell-off affects markets
The U.S. stock market related to technology declined, with the Nasdaq index dropping around 0.47% and the S&P 500 decreasing by 0.01%, while the Dow Jones rose by 0.17%. The markets were affected by rising chip costs and tensions regarding the profits of tech companies, especially amid declines in the shares of Japanese tech giant SoftBank and South Korea. Meanwhile, Chinese markets experienced a noticeable drop, with the Shanghai and Shenzhen indices falling. These movements come as concerns grow over the impact of rising inflation in the United States on technology markets and interest rates.
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