Tech sell-off

Hong Kong stocks retreated as regional tech volatility and a tech sell-off in neighboring markets offset optimism from initial public offering lock-up expirations. The Hang Seng Index fell 0.78% to 24,011, while the Hang Seng Tech Index declined 0.06%.

Asian shares are mostly higher following Wall Street's gains, with South Korea's stock market rebounding after a tech sell-off. Oil prices stabilize as part of the broader market trend.

Elon Musk is no longer a trillionaire after a tech sell-off reduced his fortune. He had become the first person to reach a $1 trillion net worth less than two weeks prior.

Elon Musk is no longer a trillionaire as a tech sell-off reduced his fortune. He had become the first person to reach a $1 trillion fortune less than two weeks prior.

The Nasdaq fell 3% due to a renewed tech sell-off, with significant losses in AI-linked stocks. These declines overshadowed gains in other parts of the market.

Asian markets opened sharply lower as a tech sell-off widened, with South Korea experiencing significant declines following a major drop in the Nasdaq on Friday.

The May jobs report showed strong data, the tech sector experienced a deepening sell-off, and Lululemon faced increasing challenges.