Why tech's record pullback is just a ‘healthy reset' for the bull market, according to Morgan Stanley's top stock-market strategist

The Nasdaq Composite fell 4.2% on Friday, marking its biggest one-day point decline on record and triggering a global risk-off move. South Korea's tech-heavy Kospi dropped 8.1% on Monday, underscoring broad spillover pressure across equity markets, especially technology stocks.

Analysis

The Nasdaq Composite fell 4.2% on Friday, marking its biggest one-day point decline on record and triggering a global risk-off move. South Korea's tech-heavy Kospi dropped 8.1% on Monday, underscoring broad spillover pressure across equity markets, especially technology stocks.