Stock markets in the red as a global sell-off hits the tech sector. In Milan, St is down
Profit-taking sets in following record highs, in the wake of the Nasdaq’s fall the previous day (SpaceX -16%), whilst volatility rises. The spread is up slightly to 71 points; oil and gold are down
Le ultime da Radiocor
Mps: Lovaglio, 'indipendenza importante per clienti, dipendenti e per il Paese'
Borsa: il sell-off sui tech arriva in Europa, a Milano (-0,95%) St giu' del 5%
BTp: spread con Bund apre a 71 punti, rendimento al 3,64%
(Il Sole 24 Ore Radiocor) - Profit-taking has kicked in following record highs, hitting the tech and chip sectors particularly hard in the wake of the Nasdaq’s fall the previous day (SpaceX -16%), whilst volatility is on the rise. The sell-off is dragging down Asian stock markets and is also weighing on European indices: as a result, the FTSE MIB in Milan, which has slipped below the 52,000-point mark, and the CAC 40 in Paris, the DAX 40 in Frankfurt, the IBEX 35 in Madrid, the AEX in Amsterdam and the FTSE 100 in London.
In Asia, the sell-off in tech shares has led to a sharp 8% fall in the South Korean Kospi index, which has plummeted from its previous record highs, whilst the Nikkei has fallen by almost 3%, with the yen trading near two-year lows against the dollar.
On the global stage, the first round of talks between Iran and the United States in Switzerland has come to an end, with Tehran asserting its control over the Strait of Hormuz and Washington reporting progress on the nuclear front. Meanwhile, volatility is rising on global equity markets: inflation is under close scrutiny in the United States this week, with the prospect of falling prices in the coming months reigniting the central bank debate.
St and Stellantis take a tumble; Mediobanca and Mps rise
On the Milan stock exchange, with the FTSE MIB almost entirely in the red, the biggest fallers were Stmicroelectronics , hit by the tech sell-off, and Stellantis , following the release of European vehicle registration figures. Also down: Italgas is also down, having presented its plan up to 2032 with investments totalling 13 billion (+14.6%) and confirmed its 2026 guidance. The banking sector remains in the spotlight, following the board meeting of Banca Monte Paschi Siena on Monday addressed the spin-off of assets linked to the merger with Mediobanca and analysed developments following the public takeover bid launched by Intesa Sanpaolo and the integration proposal put forward by Banco Bpm .
Oil below $73, gold down
Oil prices are falling, with WTI dropping below the $73 mark (-1.2%) and Brent at $76.74 (-1.45%).
Gold is also down (-1.5% to $4,120). “Today could prove very interesting from a technical perspective; we may see some downward pressure, essentially due to global equities testing their highs,” notes David Pascucci, market analyst at XTB.
