Stock Slump to Extend to Asia as U.S. Tech Sinks: Markets Wrap

Futures signaled losses across the region after software developers and semiconductor manufacturers led the S&P 500 Index lower. The Nasdaq 100 Index plunged more than 3 percent to the lowest since April on renewed concern the trade war will hurt global demand and disrupt supply chains for the major technology companies that have carried the bull market for almost 10 years. Europe’s Stoxx 600 Index fell following a plunge in Renault SA on misconduct allegations against the carmaker’s leader, Carlos Ghosn.

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