Tech selloff on rising yields
Analysis based on 6 articles · First reported Aug 19, 2026 · Last updated Aug 19, 2026
The selloff in technology stocks, driven by rising bond yields and oil prices, is likely to weigh on equity markets globally, particularly in the tech and semiconductor sectors. Higher borrowing costs for hyperscalers and AI infrastructure companies could dampen capital spending, while persistent inflation may prompt the United States — Federal Reserve to hike rates, further pressuring growth stocks.
On August 19, 2026, global technology stocks experienced a sharp selloff driven by a spike in bond yields, rising oil prices, persistent inflation, and dimming hopes for a deal to reopen the Strait of Hormuz. The yield on the 30-year US Treasury hit its highest level since June 2007, while 10-year yields rose above levels seen before the first US-Israel strikes on Iran in late February. Higher government borrowing and corporate issuance added upward pressure on yields. US tech and chip giants including Nvidia, Intel, Micron Technology, and Broadcom fell sharply, dragging the Nasdaq and S&P 500 lower. In Asia, the KOSPI lost over 5%, with SK Hynix and Samsung Electronics down at least 7%. Tokyo's Nikkei 225 fell over 2%, with Kioxia down around 10% and SoftBank Group also declining. Other Asian markets including Shanghai, Taipei, Manila, Hong Kong, Sydney, Singapore, and Jakarta also fell. Crude oil prices rose over 1%, with Brent around $92 a barrel, as US President Donald Trump said he would not extend a 60-day truce and maintained a naval blockade on Iran. Analysts warned of a prolonged inflation shock. The United States — Federal Reserve faces pressure to hike interest rates, with attention on upcoming Jackson Hole speeches and the release of Fed meeting minutes.
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