A sell-off in major U.S. technology companies spread to Asia, causing Japan’s Nikkei 225 to drop 1.4% with Softbank falling 5% and Arm Holdings plummeting over 10%. Futures on the S&P 500 dipped after a 1.5% fall on Monday, led by Silicon Valley chip company Nvidia which saw a $600 billion market value loss. Concerns are rising over the dependence on tech stocks, with investors urged to diversify beyond the “Magnificent Seven” amid uncertainties like inflation and potential tariffs impacting economic growth.
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