Wall Street closed sharply lower in a tech-led decline, where the S&P 500 was -2.8% at 3332, whilst the Dow was also -2.3% lower. US futures looked to be stabilised a touch this morning, but are now lower again, with the E-mini S&Ps -0.2%. Asian markets felt the squeeze this morning, with the Nikkei -1.0% and Shanghai Composite -1.1%, whilst FTSE futures and DAX futures are also around half a percent lower into the European open.