Global equity markets descended sharply after a broad technology stock sell-off and mounting concerns over China’s economic pace. According to the Guardian, investors cited the worst session for US equities in a month and a rare slump in Chinese investment flows. The technology sector led the drop, dragging indices in Europe, Asia and the US. With risk appetite waning and growth expectations under pressure, market strategists say the tilt toward defensive sectors may persist. Analysts warn that this environment raises the cost of capital for new issuance and startups alike.