Nasdaq sinks 3% as tech sell-off reignites

Financial Times Tuesday 09 June 2026, 16:25 UTC 1 min read

Key Points

Heavy losses for AI-linked stocks overshadow gains across rest of market

Originally published by Financial Times Read original →

The Trump administration’s export controls, sanctions and tariffs are hurting American firms in China without achieving their policy goals of blocking critical technology or reviving US manufacturing, according to a new business survey. “US export controls are not calibrated to empower American companies … Instead, they are forcing buyers to go elsewhere,” the US-China Business Council said on Wednesday, releasing the results of its annual member survey. “Export controls are less effective...

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Nasdaq sinks 3% as tech sell-off reignites

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