(Bloomberg) — A global flight from risk assets continued on Wednesday after fears about the US economy and a retreat from big tech triggered a sharp decline in US stocks.
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Europe’s Stoxx 600 index dropped 0.9% with technology stocks such as ASML Holding NV taking the biggest losses. Futures contracts for the S&P 500 pulled back 0.5% after the gauge suffered its worst day since the Aug. 5 market meltdown. Asian chipmakers tumbled, in step with Tuesday’s slump in Nvidia Corp., pulling a regional equity benchmark down more than 2%.
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Traders are bracing for further volatility as they await data for clues on whether the US economy is on the brink of a recession and how the Federal Reserve might approach monetary policy easing. A US job openings report due on Wednesday is…
