Data compiled by Woofun AI shows that U.S. stock markets closed lower on Tuesday, with the Dow Jones Industrial Average retreating 0.09% and the S&P 500 index declining 1.4%. The Nasdaq Composite suffered a sharper decline, dropping 2.2% as investors rotated away from growth assets.

Meanwhile, the Philadelphia Semiconductor Index plummeted 7.8%, reflecting severe pressure on chipmakers. Marvell Technology fell 9%, Micron Technology dropped 13%, and NVIDIA declined 4%.

Concurrently, the Nasdaq Golden Dragon China Index fell 0.55%, with Xpeng Motors sliding over 4%.