Archive · 7 Aug 2026

Global Shares Mixed as Tech Giants Slump on Wall Street

Global Shares Mixed as Tech Giants Slump on Wall Street

Stock markets around the world had a mixed day on Thursday.

Some markets went up, while others went down.

Investors sold shares of big technology companies that make computer chips.

These companies became very popular because of artificial intelligence, but some people worried prices had gotten too high.

A chip company in South Korea called SK Hynix saw its shares fall very sharply.

This also pulled down the main stock market in South Korea, which lost a lot of value.

In the United States, shares of Google's parent company and Microsoft also went down.

But not everything went down — companies like Disney and Booking Holdings went up after reporting strong profits.

Oil prices stayed steady at around $79 per barrel.

Many traders are worried because there is a conflict between the United States and Iran.

This conflict has made it harder to ship oil through an important waterway called the Strait of Hormuz.

On Friday, a big report about jobs in the United States will come out, and investors are waiting to see what it says.

Sources