SanDisk Shares Fall 9% Premarket as Nasdaq-100 Futures Dive 800 Points
SNDK•SanDisk shares plunged 9% in premarket trading as the Nasdaq-100 futures slid more than 800 points on Tuesday. The intensified tech rout spilled into global markets, with South Korea’s Kospi plunging 10% as major memory chip makers suffered sharp losses.
1. SanDisk Premarket Decline
SanDisk shares fell 9% in premarket trading as investors reacted to a broader technology selloff, marking one of the steepest early-morning drops among chip and memory stocks.
2. Nasdaq-100 Futures Slide
Futures tied to the Nasdaq-100 index plunged over 800 points ahead of the open, reflecting heightened selling pressure across tech giants and semiconductor companies.
3. Global Tech Market Impact
The selloff extended globally, with South Korea’s Kospi tumbling 10%, Japan’s Nikkei down 3.6%, and Hong Kong’s Hang Seng off 1.8%, driven by sharp declines in major memory chip makers.
