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Major North American indexes fell in early trading on Tuesday, following world markets downward. Elsewhere, Asian and European stocks mostly fell, with South Korea's KOSPI in particular losing 10 per cent.
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Global stocks sold off on Tuesday, led by deep losses for tech stocks following a losing session for the sector on Wall Street.
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Chipmakers led the way down in South Korea, where the main index plunged 10 percent. Stocks in Europe were lower and S&P 500 futures pointed to a sharp fall.
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Chinese firms have some of the world's most advanced technology. But U.S. officials say relying on it could come with a downside.
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There was a rotation out of big tech that weighed on the S&P and Nasdaq, offsetting news of the U.S. waiving Iran oil sanctions for 60 days.
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