Tech Under Pressure? Samsung Warns of Macro Risks Persisting Through the Year

Samsung Electronics Inc. Vice Chairman and CEO Jong-Hee Han delivers a keynote address at CES 2022 at The Venetian Las Vegas in Las Vegas, on Jan. 4, 2022. Ethan Miller/Getty Images

The tech space has spearheaded the market sell-off seen since the start of the year, as evident from the more than 20 percent drop for The Invesco QQQ Trust in the year-to-date period.

A host of negative catalysts have worked in unison to plot the downfall of this market-leading sector. It now appears that the negative triggers have further legs to play out.

What Happened

South Korean electronics giant Samsung expects macroeconomic risks to persist in the second half, a statement from the company showed on Thursday.