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Technology Rout Spooks Global Investors as Selloff Expands

Global stock indices take their cue from a selloff on Wall Street as investors fret about the valuation of stocks in the technology sector and well beyond. In the U.K. chip group ARM Holdings leads near-universal declines among FTSE 100 members and investors in newly list online takeaway food ordering service Just Eat get indigestion. And in Hong Kong former American International Group unit AIA Group Ltd. rises as the insurer posts strong first-quarter new business growth.