Futures Slide As Tech Tumbles, Korea Crashes

US equity futures are taking a dive as a tech-driven selloff, sparked by developments in South Korea, has rippled across global markets. The Nasdaq is feeling the brunt, with tech giants like SpaceX experiencing a 3% drop, falling below its first day trading price of $150. This downturn is fueled by concerns over rising AI costs, highlighted by a South Korean media report suggesting SK Hynix is scaling back its AI expansion plans. This situation underscores the interconnectedness of global tech markets and the sensitivity of investor sentiment to regional developments.