Japanese stocks sink as U.S. midterm results hit tech shares
Tech and AI-linked shares led losses as investors priced in tougher regulation and a possible stall in industry-backed legislation.
- Early Wednesday, Asian stock markets tumbled, with Japan's Nikkei falling 4.45% after Decision Desk showed Democrats retaking control of the House and Senate.
- The Democratic sweep of both chambers of Congress rippled across global markets, fueling investor concerns about President Donald Trump's agenda facing political gridlock.
- Kioxia Holdings and Taiyo Yuden slumped more than 13% as investors heavily sold AI-related shares, with markets bracing for potential tighter regulatory scrutiny on tech firms.
- President Donald Trump vowed to become "Mr Veto" to block Democratic legislation, while the Bloomberg Dollar Spot Index fell and the Swiss franc rose 0.5%.
- Bond investors suggest political gridlock could reduce deficit-spending risks, potentially benefiting Treasuries while constraining the White House's ability to advance major legislative agenda.
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dagelijksestandaard.nl
welingelichtekringen.nlTOKYO (ANP) - AI-related stocks were under pressure on Asian stock markets following the Democrats' election victory in the United States. The Democrats are heading for a major victory in the US midterms and appear to have a majority in both the Senate and the House of Representatives...
The defeat of President Donald Trump's Republican Party in the congressional elections was quickly reflected in the currency markets.
As if they were touching the ground that will condition the next two years, the markets responded timidly to the news of Donald Trump's defeat.
Democrats' sweeping victory in Congress upsets investment balances – Strong losses in Asian stock markets, shift to US bonds and rally in green energy stocks
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