TechFlow, October 17 — Global market risk-off sentiment surged sharply today. U.S. stock index futures continued their decline, with Nasdaq 100 futures down 1%, S&P 500 futures down 0.87%, and Dow Jones Industrial Average futures down 0.61%. Technology stocks faced broad pressure during night trading: Micron Technology dropped nearly 4%, AMD and Oracle fell over 3%, while Tesla, Intel, and TSMC each declined more than 2%. Popular Chinese stocks listed overseas also plunged significantly, with NIO and Kingsoft Cloud down over 5%, and Alibaba and Baidu each falling over 3%.
Asian-Pacific equity markets retreated in tandem, with Japanese and Australian benchmarks both nearing a 1% drop. The Hang Seng Tech Index fell over 3%, while major A-share indices also experienced across-the-board declines. Analysts point out that the core drivers behind this global equity downturn are worsening trade conditions and renewed exposure of financial system risks. High-valuation sectors are facing correction pressure, and recent risk incidents involving U.S. regional banks have further intensified market panic.
Meanwhile, Bitcoin price dipped below $105,000, declining over 3% in 24 hours, while Ethereum briefly touched $3,700, down over 4% in the same period. The Fear & Greed Index fell to 23 (Extreme Fear), indicating that irrational selling sentiment is dominating the market, with volatility rising notably.
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