Tuesday Morning Markets: Tech Decline and Commodity Slide Drags FTSE Lower

UK and European markets have suffered a broad selloff on Tuesday morning, with the FTSE 100 down 0.9% and the FTSE 250 falling 1.7% as a global tech-driven rout sweeps through equities. 

The damage is heavier on the continent, with the DAX dropping 1.6%, the CAC 40 losing 1.1%, and the Euro Stoxx 50 falling 1.6%.

Tech Rout 

Global stocks have plunged amid a sharp technology selloff, with growth and momentum names bearing the brunt of the selling. 

Scottish Mortgage Investment Trust (-4.75%), with its heavy exposure to global tech, is caught squarely in the crossfire, alongside FTSE 250-listed Raspberry Pi (-9.2%).

A decline in U.S. technology stocks on Monday pushed the Nasdaq Composite 1.3% lower.

Miners Hammered as Metals Prices Slide

Falling gold and silver prices have triggered a bruising morning for the mining sector. 

Antofagasta (-6.37%) leads the blue-chip fallers, followed by Fresnillo (-5.35%), Anglo American (-5.17%), Glencore (-4.60%), and Rio Tinto (-4.14%). 

Together, the sector is weighing heavily on the FTSE 100 index. Commodity-sensitive stocks look vulnerable until metals prices find a floor.

Bunzl Bucks the Trend

Distribution and services group Bunzl has gained ground, rising after it raised full-year guidance in a trading update, reassuring investors that underlying demand remains resilient despite macro turbulence.

FTSE 100 Risers

Other names finding favour include Babcock (+3.51%), Marks & Spencer (+1.73%), and British American Tobacco (+1.33%), with the stocks attracting cautious buyers seeking shelter amid a defensive rotation given the broader decline.