Tech stocks plunge as inflation fears fuel rate hike expectations
Tech stocks plunged today as investors await the UK's August GDP report. Rising inflation concerns in the US, with broadening price pressures across the CPI basket, have reinforced expectations for higher interest rates longer, triggering selling across risk assets and rate-sensitive equities.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 15 Oct 2026, 05:37 UTC · Updated 15 Oct 2026, 05:51 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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