Global tech selloff deepens as rising rates hit data-center economics

Global equities, led by technology shares, are in sharp decline as rising interest rates increase the cost of data-center construction and pressure high-multiple growth stocks. The chief strategist cited 'rising rates are scary' as the primary driver, reflecting a repricing of long-duration assets. The selloff appears broad-based across global exchanges, though the exact magnitude and whether it marks a sustained correction remain uncertain.