Tech stocks plunge as chip sell-off spreads to Asian markets overnight
Global tech stocks fell as a chip and memory sell-off spread from the US to Asian markets overnight. TSMC's increased capital expenditure raised valuation concerns, while analyst positioning data suggests the semiconductor sector experienced sharp unwinding from its most crowded trade status. Separately, Burberry reported sales boosted by generation Z shoppers across multiple product categories and geographies.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 17 Jul 2026, 06:46 UTC · Updated 17 Jul 2026, 07:01 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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