Apple and semiconductor makers led a broad sell-off in US equities on Monday, as doubts about economic growth and fears of a trade war weighed heavily on a sector that has been a driver of the long bull market.
The tech-heavy Nasdaq Composite slid more than 3 per cent while the market benchmark S&P 500 was down 1.6 per cent.
Investors pointed to the latest flare-up in trade tension between the US and China as the catalyst of the day’s selling compounded by questions around growth outlook for the so-called Faang stocks.
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