Market Report: Selloff in tech shares

The FTSE 100 opened down 0.4%, highlighting cautious sentiment after the week’s sharp selloff. In Asia, the Kospi surged as much as 8.5% and snapped a three‑day loss, with SK Hynix up 16% as dip buyers returned to semiconductors; the Nasdaq 100 rose about 1.6% and a semiconductor index climbed over 5%. OpenAI confidentially filed for a possible IPO, noting timing isn’t decided and private‑sector steps may be easier if kept private. GSK agreed to acquire Nuvalent for roughly $10.6 billion, about a 40% premium to prior levels, while Bellway signaled robust early spring trading.