New Delhi, June 23 -- As the sell-off in technology stocks deepened, US stock futures pointed to a sharply lower start on Tuesday, 23 June, with Nasdaq 100 futures tumbling 2.8%and S&P 500 futures declining 1.4%.

In the previous session, the Nasdaq Composite fell more than 1.3% amid heavy selling in Alphabet and other technology stocks. The weakness spilt over into Asian markets on Tuesday, dragging South Korea's Kospi down 10% and triggering a circuit breaker, marking one of its sharpest intraday declines in recent years.

A large part of the sell-off was driven by memory-chip giant SK Hynix, whose shares tumbled after the company reportedly slowed production of advanced AI chips to increase commodity DRAM capacity. The move reinforced ...