WS #11583
Asian tech stocks plunge (KOSPI -8%, Samsung -10%) as investors rotate out of mega-cap tech; Magnificent Seven lost $2.3 trillion. Microsoft cuts 4,800 jobs, with 3,200 from Xbox division, as part of a major restructuring.
Tech selloff and rotation
Asian tech stocks plunge (KOSPI -8%, Samsung -10%) as investors rotate out of mega-cap tech; Magnificent Seven lost $2.3 trillion.
Microsoft cuts 4,800 jobs, with 3,200 from Xbox division, as part of a major restructuring.