Tech stocks crash globally as US inflation jumps 3.7%, triggers rate fears
Tech stocks plunged globally Thursday as inflation fears and debt concerns spooked investors. South Korea's Kospi 200 index fell 8.1% to a six-month low, with Samsung Electronics dropping 9.5% and SK Hynix sliding nearly 11%. The selloff followed US inflation data showing a 3.7% jump in September, prompting expectations of fresh Federal Reserve rate increases.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 15 Oct 2026, 08:39 UTC · Updated 15 Oct 2026, 08:50 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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