What A “Buzz Kill”: Tech Selloff Goes Global

What A “Buzz Kill”: Tech Selloff Goes Global

The Friday FAAMG volatility is spreading to overseas markets on Monday, as tech stocks underperform globally, weighing down Asian and European equities. The Stoxx 600 was down right out of the gate and would eventually test its 50-day moving average as the tech sector index SX8P fell as much as 2.7% on the session. "Sector valuation concerns are spreading from U.S. and Asia," Bloomberg notes. The VSTOXX jumped 5%. The risk-off mood gathered a bit of steam as the overnight session wore on with
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