Business · Markets · 1 hr ago
FTSE 100 slips as concerns about technology valuations weigh on shares
The FTSE 100 ended slightly lower on Tuesday after rising earlier in the day.
The London index closed down 0.1%, while the FTSE 250 edged up and the AIM All-Share fell.
Investors grew wary of technology valuations, including heavy spending on artificial intelligence without clear returns.
Technology shares also faced pressure after Asian chipmakers SK Hynix and Samsung Electronics fell, amid concern about advances by Chinese memory-chip maker ChangXin Memory Technologies.
The sell-off reflects fears that chip demand or high expectations could weaken, though some analysts said investors may move money into other sectors.
ASML is due to report results on Wednesday, offering investors a closely watched update from a major chip-equipment maker.
The FTSE 100 ended slightly lower on Tuesday after giving back early gains amid concerns about technology valuations.
The index fell 5.95 points, or 0.1%, to 10,650.33, after reaching 10,762.01 earlier.
European technology stocks weakened after a sharp sell-off in Asian semiconductor shares.
Reports of advances in memory-chip technology by China’s ChangXin Memory Technologies added to concerns about established manufacturers’ competitive positions.
Analysts also cited uncertainty over the cost and potential returns of artificial intelligence investment.
- Who
- UK-listed companies and investors in the FTSE 100 market.
- What
- The FTSE 100 ended slightly lower as technology valuation concerns weighed on shares.
- When
- Tuesday, October 13, 2026.
- Where
- London, with technology-market weakness also reported in Asia, Europe and the United States.
- Why
- Concerns about high technology valuations, AI investment costs and returns, and competition in the semiconductor industry.
This story does not have two clearly opposing sides.
Asian semiconductor shares, including SK Hynix and Samsung Electronics, fell amid concerns about competition from Chinese memory-chip advances.
European technology stocks were under pressure, and the CAC 40 and DAX 40 each ended down 0.1%.
The FTSE 100 gave back early gains and ended down 5.95 points, or 0.1%, at 10,650.33.
- FTSE 100 close
- 10,650.33, down 5.95 points or 0.1%
- FTSE 100 intraday high
- 10,762.01
- FTSE 250 close
- 24,339.19, slightly higher
- AIM all-share close
- 771.16, down 3.75 points or 0.5%
- Asian semiconductor shares
- SK Hynix fell 4.4%; Samsung Electronics fell 3.6%
- ChangXin Memory Technologies
- Reports of advances in memory-chip technology raised competitive concerns
What people are saying
There are growing fears that companies are investing so much money into AI without a clear idea of the timing or scale of financial payback
Maybe it’s time for some rotation
The CEO of Broadcom, a major chip producer and semiconductor design house, said that trading action is becoming speculative, hinting that the AI trade is a bubble
There’s a lot of business that wants to get done and needs to get done
Sources
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