Global stocks slide as semiconductor selloff deepens; oil heads for weekly gain
Global stocks fell on Friday as a selloff in semiconductor shares deepened, dragging on technology and artificial-intelligence-linked equities across Asia, the United States and Europe. Reuters reported that stocks...
By Source Reporters Newsdesk
Fri, 17 July 2026 · 1 min read
Global stocks fell on Friday as a selloff in semiconductor shares deepened, dragging on technology and artificial-intelligence-linked equities across Asia, the United States and Europe. Reuters reported that stocks dropped on a "deepening semiconductor rout" while oil was set for a weekly gain. [Reuters: ]
The Financial Times said global tech stocks fell as the AI trade "went into reverse," underscoring a broad reassessment of the megacap and chip sectors that have powered much of the recent advance in global equities. [FT: ]
The pressure was visible first in Asia, where Reuters said analysts described a "bloodbath" as regional shares sank on the tech selloff, highlighting how the weakness is transmitting across time zones. [Reuters (Asia): ]
In the United States, The Wall Street Journal reported that stock futures were lower as a chip selloff rocked markets, signalling that the semiconductor weakness was rippling through major benchmarks ahead of the cash open. [WSJ: ]
The moves come as investors scrutinise valuations and earnings prospects for chipmakers and related firms, with the pullback testing a trade that had become one of the most crowded positions in global markets.
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