GigaCloud Technology is trading at $57.62, down 5.21%, amid a wider technology-led selloff on October 30.
- Disappointing results and outlooks from major technology companies weighed on risk appetite.
- The Nasdaq was reported down more than 2% during the session; the S&P 500 and Dow were also lower.
- No clear company-specific announcement explaining the decline surfaced. GigaCloud Technology had announced its Q3 results would be released November 5.