Good morning from the Financial Times.
Today is Tuesday, February 24th, and this is your FT News Briefing.
U.S.
tech stocks started the week off on the wrong foot,
and German Chancellor Friedrich Merz heads to China to meet with President Xi Jinping.
Plus, we'll take a look at the state of the Ukraine war four years later.
They have been remarkably resilient.
It is not an understatement to say that this full-scale invasion has been the making of Ukraine as a nation.
I'm Mark Filipino, and here's the news you need to start your day.
If you think your 2026 is off to a rough start, looking at US tech might make you feel better.
The NASDAQ composite fell about 1 in a 10th percent yesterday.
Software stocks like Workday, CrowdStrike, and Datadog took the brunt of it.
And private capital firms tied to software were hit too.
Aries, KKR, Apollo, and Blackstone all had significant falls.
Investors continue to worry that artificial intelligence will upend the software industry.
And yesterday's sell-off came after the CEO of American asset manager Franklin Templeton told EFT,
quote, you really have to question if enterprise software companies can thrive.
US stocks initially fell on Monday after President Donald Trump imposed a new 15% tariff.
The Supreme Court ruled last week his previous policy was unlawful.
Investors moved into safer assets yesterday,