Chipmaker Ams: Wall Street and Tech Sector

chipmaker ams: Selling escalated from Wall Street into a heavy selloff in Asia before hitting Europe, which was facing a fifth day of uninterrupted declines, according to Nine News Australia. The tech sector posted the worst performance after chipmaker AMS plunged 17 per cent as its outlook triggered alarm bells, but there was a broader force at play. To improve your experience update it here News World Shares sink towards 1-year low, bears bite9 38pm Oct 23, 2018Facebook Tweet Mail An ugly start to European trading has pushed world shares towards their lowest level in a year, as negative drivers from Saudi Arabia's diplomatic isolation to worries about Italy's finances and trade wars piled on the pressure. The pan-European STOXX 600 was near a two-year low with almost half of its stocks now in bear-market territory -- down 20 per cent from their peak. This morning weaker stocks in Asia raised some eyebrows and overall sentiment is suffering from trade tensions, Italy to Brexit; a concoction of concerns, said ING strategist Benjamin Schroeder. Germany's DAX also fell to late 2016 lows, London's FTSE was down near April lows, and MSCI's world share index was just two points of a one-year low. (news.financializer.com). As reported in the news.