Global markets struggle after tech sell-off and fears over Chinese economy

The recent turmoil in global markets is largely attributed to a tech sell-off that resulted in Wall Street's worst performance in a month. This trend is echoed in related reports highlighting concerns over the overvaluation of tech companies. The FTSE 100's decline of 1.1% and significant drops in banking stocks like Barclays and Lloyds reflect a broader unease among investors. Compounding these issues, alarming economic data from China indicates an unprecedented slump in investment, raising fears about the stability of the global economy and the potential for further market volatility.