Fresh falls among technology heavyweights led US equity markets sharply lower, with investors also digesting weak home-builder confidence data - Dow fell -396-points or -1.66% The broader S&P500 -1.84%, with Information Technology (down -3.79%) leading nine of the eleven primary sectors into the red. NASDAQ tumbled -3.03%. with Google parent Alphabet Inc (down -3.92%) entering their first bear market since October 2014 after closing 20.1% below its 26 July record close. Apple Inc fell -3.96% after The Wall Street Journal reported the company has cut production orders for the new iPhones unveiled earlier this year. The technology sector more broadly was under pressure from a report in The Financial Times that Chinese authorities have alleged “massive evidence ” of antitrust violations by Samsung, SK Hynix and Micron Technology. The report said China would deepen its investigation into the three companies, which are the largest memory-chip manufacturers in the world. Micron Technology Inc fell -6.6% and Advanced Micro Devices Inc -7.5%.
