{"id":763735,"date":"2026-06-27T02:08:22","date_gmt":"2026-06-27T02:08:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/763735\/"},"modified":"2026-06-27T02:08:22","modified_gmt":"2026-06-27T02:08:22","slug":"world-stocks-edge-lower-as-tech-selloff-drags-markets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/763735\/","title":{"rendered":"World stocks edge lower as tech selloff drags markets"},"content":{"rendered":"\n

By Chibuike Oguh <\/p>\n

NEW YORK, June 26 (Reuters) – Global equity markets edged lower on Friday, set for a weekly decline as investors kept taking profits on high-flying technology and chip stocks, while \u200ccrude oil prices slumped as more tankers left the Strait of Hormuz. <\/p>\n

On Wall Street, all three indexes \u200cfinished slightly lower in choppy trading as losses in industrials, technology and energy offset gains in healthcare and real estate stocks. <\/p>\n

The S&P \u200b500 and the Nasdaq notched weekly losses while the Dow was headed for a weekly gain. <\/p>\n

Chip stocks lost 5.3%, set for a weekly loss of 7.7%, the largest weekly decline since March 2025. <\/p>\n

The Dow Jones Industrial Average fell 0.09%, the S&P 500 lost 0.05% and the Nasdaq Composite fell 0.24%. <\/p>\n

“It’s a combination of a needed and healthy period of \u200cconsolidation following the historic run since \u2060March and a dramatic rotation from tech and everything else,” said Mark Hackett, chief market strategist at Nationwide. <\/p>\n

“Overall, the selloff is modest when put in context, and I expect \u2060we resume higher once this period of consolidation concludes since investors still have a buy-the-dip mentality and fundamentals remain solid.” <\/p>\n

Price hikes announced by Apple<\/a> had fueled worries about structural inflation from massive spending by AI giants and limited availability of \u200bkey tech \u200bcomponents. <\/p>\n

European stocks fell nearly 0.7%, with technology stocks shedding 1.17%. <\/p>\n

MSCI’s \u200bindex of Asian stocks outside Japan fell \u200cnearly 3%. South Korea’s KOSPI lost as much as 5.8%. <\/p>\n

MSCI’s gauge of stocks across the globe fell 0.53% and was set for a 2% loss for the week. <\/p>\n

OIL PRICES FALL SHARPLY <\/p>\n

Crude prices tumbled on easing supply concerns as more oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday. <\/p>\n

Refining giant Saudi Aramco resumed oil loading on Friday at its Ras Tanura terminal in the Gulf after a \u200cnearly four-month halt, shipping data from LSEG showed. <\/p>\n

Brent crude futures fell \u200b4.34% to settle at $72 per barrel. <\/p>\n

YEN WEAKNESS <\/p>\n

The yen teetered near its \u200bweakest level in 40 years against the dollar \u200bat 161.76, beyond the 160 level that many see as a line in the \u200csand for Japanese authorities. <\/p>\n

The euro was up 0.14% \u200bat $1.1385 but was set for \u200ba second consecutive weekly loss against the dollar. <\/p>\n

The dollar index eased but was headed for a second straight weekly gain against peers. The index fell 0.16% to 101.35. <\/p>\n

In bonds, U.S. Treasury yields fell. The \u200byield on benchmark U.S. 10-year notes \u200cfell 1.16 basis points to 4.38%. The 2-year note yield, which typically moves in step with \u200binterest rate expectations for the Federal Reserve, fell 2.48 basis points to 4.096%. <\/p>\n

Spot gold rose 1.06% to $4,068.72 an ounce. <\/p>\n

(Reporting by Chibuike Oguh in \u200bNew York; Editing by Chizu Nomiyama and David Gregorio) <\/p>\n","protected":false},"excerpt":{"rendered":"By Chibuike Oguh NEW YORK, June 26 (Reuters) – Global equity markets edged lower on Friday, set for…\n","protected":false},"author":2,"featured_media":763736,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,127083,9883,202969,172000,96337],"class_list":["post-763735","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada","tag-chip-stocks","tag-crude-oil-prices","tag-oil-tankers","tag-strait-of-hormuz","tag-technology-stocks"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/763735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=763735"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/763735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/763736"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=763735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=763735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=763735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}