SINGAPORE/LONDON—Global stocks headed for a third straight day of losses on Tuesday and the dollar rose after more U.S. data reinforced the belief among investors that the Federal Reserve might stick longer with aggressive interest rate rises.
MSCI’s world index fell 0.3 percent, led by tech stocks which are often more sensitive to broader shifts in sentiment.
Europe’s STOXX tech sub index lost 0.3 percent, Hong Kong listed tech giants fell 1.8 percent and Korea’s tech-heavy KOSPI benchmark shed 1 percent.
The oil and gas sector also suffered after a near-3.5 percent slide in crude oil prices overnight. Shell, BP, and TotalEnergies were each down around 1 percent, and were among the biggest drags on the pan-European index….