MarketPR
The Nasdaq is set for a sharply lower open after a plunge in South Korean stocks began spreading into U.S.
The overseas selloff is driving negative sentiment in pre-market trading, with the technology-heavy index bearing the brunt of the cross-border pressure.
South Korean Stocks Transmit Overnight Losses Equity weakness originating in South Korea is the proximate trigger for the Nasdaq's pre-market slide.
Markets rarely move on a single upstream cause, but in this case the directional link between Korean equities and U.S. futures is the dominant signal traders are reading heading into the session.
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