Stocks plummet due to chipmaker selloff, dollar strengthens

From Investing.com: 2024-07-19 06:35:00

Equity markets on track for weekly losses due to fears of trade war with China. Tech stocks hit hard by selloff amid uncertainty. Gold surges, dollar gains on safe-haven bids. Euro slips as ECB maintains interest rates. Yen fares better than euro, supported by Bank of Japan intervention. Concerns about second Trump presidency weigh on global risk sentiment. Hong Kong stocks hit hard, while mainland China shares see slight uptick from suspected ETF purchases. Airlines, banks, and other businesses face IT outage, impacting overall market sentiment.



Read more at Investing.com: Stock Rout Deepens on Chipmaker Selloff; US Dollar Bounces Back