Tech Stocks Tumble as Government Intervention Raises Concerns

The European and global markets faced a bleak outlook Wednesday, with Wall Street's decline casting a shadow over Asian shares, notably technology stocks.

Uncertainty stems from high tech valuations and President Trump's influence over the sector. The U.S. considers equity stakes in Intel under the CHIPS Act, aiming for increased factory-building, sources say.

Critics argue such actions heighten corporate risks, as seen with unusual deals involving Nvidia. UK inflation data and New Zealand's currency fall add to market worries.

(With inputs from agencies.)