Monday’s slump in the United States, however, had another driver that world markets did not: big-name technology companies.

Amazon, Facebook, Intel, Microsoft and Tesla were among the major contributors to Monday’s stock slump on Wall Street. Amazon faces pressure from President Trump, while Facebook continues to grapple with privacy concerns and Tesla has been hit by a succession of negative headlines.

Tech shares were among the worst performers in other markets too, like China, Hong Kong and Japan, though the world’s biggest technology companies primarily trade in the United States — in part to reach global investors.

. Shares of Alibaba, a Chinese online retailer, joined the American tech rout on Monday, falling more than 3 percent, while shares of the Chinese search company Baidu fell more than 1 percent.

The woes of tech companies may even be positive for some European companies. Tesla’s battery powered cars and self-driving technology were a threat to European luxury carmakers like BMW, Daimler and Volkswagen’s Audi unit, which remain heavily invested in internal combustion engines.

But Tesla has had trouble ramping up production fast enough to meet demand, and its vehicles have suffered quality problems. On Tuesday, the company reported a significant increase in the production of its Model 3 sedans in the first quarter of 2018 compared with the previous quarter, though it failed to meet previously announced production targets. The company’s difficulties have added credence to the argument that German carmakers have made all along: Mass producing cars is hard, and it will not be easy for new challengers to match the expertise of traditional carmakers.

Still, shares of German carmakers were mixed in European trading on Tuesday, as the likes of BMW, Daimler and Volkswagen depend heavily on sales in Asia and would suffer from any economic turmoil there.