Stock market today: World shares decline, weighed down by Wall St's tech retreat

A currency trader watches computer monitors near the screens showing Republican presidential candidate and former president, Donald Trump, and the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Friday, July 19, 2024. – Shares retreated in Europe and Asia on Friday after a broad washout across Wall Street dragged U.S. stocks lower.Cybersecurity firm CrowdStrike said Friday that the issue believed to be behind the outage was not a security incident or cyberattack.

In Asian trading, benchmarks in Hong Kong and Taiwan dipped more than 2% as investors remained wary over China’s plans for reviving its slowing economy.providing some details of the sweeping blueprint it endorsed for making China a leader in technology, building its financial markets and raising living standards.

In Tokyo, the Nikkei 225 lost 0.2% to 40,063.79, while South Korea's Kospi shed 1% to 2,795.46. Australia’s S&P/ASX 200 fell 0.8% to 7,971.60.Taiwan's Taiex fell 2.3%, as computer chip-maker Taiwan Semiconductor Manufacturing Co.'s shares sank 3.5%, extending losses triggered by a report that Washington might double down on restrictions on sales to China of semiconductors and equipment used to make and test them.

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