China news brief
Wall Street drops to its worst day since June after tech sell-off deepens
NEWS DESKChina
PUBLISHEDOct 30, 2026, 10:01 PM
What the source reports
A sell-off for tech stocks got even worse on Friday on worries that Wall Street’s frenzy around artificial intelligence technology sent prices too high. The S&P 500 tumbled 1.
8 per cent for its worst day since June, and it closed out a third straight losing week. The weakness for technology stocks dragged the Nasdaq composite down a market-leading 2. 9 per cent, while the Dow Jones Industrial Average dropped 572…
Main source: SCMP
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