Global stocks plunged Wednesday, with significant losses sparked by Nvidia's 9.5% decline on Tuesday in what was Wall Street's worst day since early August. European markets mirrored this downturn; France's CAC 40, Germany's DAX, and Britain's FTSE 100 all dropped 0.8%. Asian markets followed suit, with Japan's Nikkei 225 falling 4.2% and Taiwan's Taiex down 4.5%. The tech sector was particularly impacted, with Tokyo Electron dropping 8.6% and South Korea's Samsung Electronics losing 3.5%.
Oil prices also fell due to rising supply, along with indications Libya may resolve its conflict concerning who controls its oil revenues and subsequently boost production. US crude dipped 57 cents to $69.77 per barrel, and Brent crude decreased by 75 cents to $73.00 per barrel. China's weak economic data, affected by a real estate slump and low consumption, added to apprehension about future oil demand. (This story was generated by Newser's AI chatbot. Source: the AP)
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