The tech space has spearheaded the market sell-off seen since the start of the year, as evident from the more than 20 percent drop for The Invesco QQQ Trust in the year-to-date period.
A host of negative catalysts have worked in unison to plot the downfall of this market-leading sector. It now appears that the negative triggers have further legs to play out.
What Happened
South Korean electronics giant Samsung expects macroeconomic risks to persist in the second half, a statement from the company showed on Thursday.
On the earnings call, the company repeatedly delved into the risks that include the potential impact of the Russia–Ukraine war, surging inflation, and COVID-19 lockdowns in China, Bloomberg reported.
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