New Delhi, June 10 -- After a sharp selloff in the previous session, US stock futures indicated another weak start in Wednesday's trade on June 10, as the sell-off in chip stocks continued to weigh on the markets. The recovery in crude oil prices following escalating tensions in the Middle East also threatened to undermine hopes of a peace agreement.

Tech-heavy Nasdaq 100 futures slid 1.3%, a day after another bout of sharp volatility in high-flying chipmakers in less than a week. Futures tied to the S&P 500 and Dow Jones Industrial Average also declined 0.9% and 0.8%, respectively.

In the previous session, the Nasdaq closed 1% lower as chip stocks witnessed heavy selling, with several counters posting double-digit losses, while renewed...