Nasdaq futures drop 2.1% as tech rout spreads across Asia and Europe

A deep selloff in global technology stocks dragged South Korea’s Kospi into a trading halt after Samsung Electronics and SK Hynix each fell more than 12% in a single session. In Japan, SoftBank Group slid more than 15% and Kioxia dropped more than 10%, while European chip names also fell, including ASML down 4% and Infineon down 3.4%. U.S. stock futures sank in premarket trading, with Nasdaq futures down 2.1% and S&P 500 futures off 1.3%. The decline was driven by worries about heavy capital spending on AI infrastructure, with investors also focused on Micron Technology’s results due after the market close Wednesday.