Global stocks plunge amid AI slowdown fears after Democrats’ midterm triumph
Global stock markets experienced a sharp decline following a sell-off in US tech stocks triggered by fears of an AI industry slowdown. The market downturn was exacerbated by political uncertainty following the Democrats' midterm election victory.
Why it matters
The volatility highlights the sensitivity of global financial markets to US political shifts and the sustainability of the current AI investment boom.
Asian markets fell sharply on Friday morning. Asian markets fell sharply on Friday morning. Stock markets Global stocks plunge amid AI slowdown fears after Democrats’ midterm triumph Asian and European markets follow Wall Street with sharp fall as FTSE down 1.5%
Prefer the Guardian on Google European stock markets have fallen sharply as a rout in US tech stocks spread across the Atlantic, after the Democrats’ midterms victory sparked fears of a slowdown in the AI industry.
A sell-off on Wall Street on Thursday was followed by sharp falls in Asian stocks markets on Friday morning. The investor sentiment then reached London, with the FTSE 100 index, which tracks blue-chip shares listed in London, down 1.5%, or 166 points, at the start of trading to 10,615.
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