Five Things You Need to Know to Start Your Day

Stocks tumble, inflation fears rise, and fuel shortage warnings.

The global tech rout that began yesterday in the U.S. has gone global. The Hang Seng Tech Index sank as much as 4.5%, extending its tumble from a February high to about 30%. In Europe, the Stoxx 600 Index fell the most since January as tech sector losses drove the gauge lower. One of the biggest winners over the past year, Cathie Wood’s Ark Innovation ETF, was down more than 3% in pre-market trading after plunging 5.2% yesterday.