There was a rapid decline in the shares of technological businesses in Asia and Europe after America

The European and Asian stock markets have also been impacted by the Wednesday decline in the US stock market. Due to IT company selloffs, the Nasdaq 100 index of US stocks saw its worst decline since 2022 on Wednesday. According to Financial Times, this had an influence on chip firms' stocks on Thursday in both Asia and Europe.

 The Europe 600 Technology Index had a 2.77 percent decline in European equities. ASML, the largest technological business in Europe and a manufacturer of semiconductor equipment, had a 6.44 percent decline. The Financial Times reports that Infineon Technology, based in Germany, also saw a 6.52 percent decline. Additionally, ST Microelectronics, a Swiss semiconductor business, is down 14.49 percent in trade.

Europe as a whole is represented by the STOXX Europe 600 index, which is now down 1.40 percent on Thursday. Conversely, South Korean technology company HK Hynix's share price dropped 8.87 percent on Thursday. This represents the largest drop since March 2020. The Kospi index of South Korea, which has a significant weighting towards technology businesses, dropped 1.7% on the whole.

In a similar vein, the Tokyo stock price index in Japan had a 2.98 percent decline on Thursday. Renesas Electronics, a Japanese semiconductor manufacturer, has had a 13.62 percent decline in share price. which represents the largest drop over the previous 12 years. According to the Financial Times, other Japanese technology companies' share values have also decreased.