LONDON — Shares fell globally on Wednesday, hit by a drop in tech stocks sparked by a record
sell-off for US chipmaker Nvidia and as expectations of fading global growth bruised riskier assets, pushing oil prices to multi-month lows and buoying bonds.European shares shed 1 percent, with major markets in London, Paris and Frankfurt down between 0.6 percent and 0.9 percent. Semiconductor companies were the biggest losers, with ASML Holdings dropping 5.4 percent.The pain was set to continue on Wall Street, where stock futures extended declines. S&P 500 and Nasdaq futures were down 0.
world equity index, which tracks shares in 47 countries, fell 0.5 percent.September has historically been a bad month for stocks, though analysts pointed to a confluence of factors behind the rout, including weak US manufacturing data.Investors noted spiking volatility as liquidity sloshes back into markets following the summer.Brent crude futures fell 0.6 percent to $73.34 a barrel, trimming some earlier losses, while US crude was last down 0.6 percent at $69.
's broadest index of Asia-Pacific shares outside Japan finished 1.9 percent lower.Asian tech stocks suffered. Japanese chip-testing equipment maker Advantest, a supplier to Nvidia, lost 7.7 percent, while Taiwan's TSMC shed more than 5 percent.' was plenty of blame to go around. Nvidia. Tech. Soft spots in US data. China gloom,' said Vishnu Varathan, head of macro research for Asia ex-Japan at Mizuho Bank.
Concerns Nvidia Sell-Off Hit Equities Markets
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