On Friday, European markets are expected to open with varied results, with London's FTSE 100 and France's Cac 40 showing slight gains of 0.1% and 0.3%, respectively, while Germany's Dax is anticipated to decline by 0.2%.
This mixed sentiment follows a significant sell-off in tech stocks across U.S. and Asian markets, triggered by Broadcom's underwhelming earnings report, which led to a shift away from artificial intelligence-related investments towards more defensive sectors.
South Korea's market was notably affected, with the Kospi index dropping 4.3%, driven by declines in major chip manufacturers Samsung Electronics and SK Hynix, which fell 4.3% and 7.6%, respectively. In the U.S., the Dow Jones Industrial Average reached a record high, closing up 874.86 points at 51,561.93, while the Nasdaq Composite experienced a slight decline of 0.09%.
Additionally, Nokia shares fell over 6% in Europe as part of the broader tech sector retreat after a period of strong performance. The article also briefly mentions President Donald Trump's willingness to meet with Iran's Supreme Leader, Ayatollah Mojtaba Khamenei, to negotiate a deal amid ongoing tensions in the region