MARKET MELTDOWN: Asian Stocks CRATER as AI Panic and Democrat Midterm Sweep Wipe Out Billions
10 Articles
10 Articles
A historic sell-off wave swept through U.S. stock markets on Thursday, and the plunge in AI stocks caused unprecedented asset losses. The combined market value of S&P 500 companies fell by about $2,900 billion in a single day, something that had never been seen before. Panic sentiment also reached Asia by Friday morning: the Japanese stock market was down more than 6 percent and South Korea's Kospi was down more than 8 percent, with the latter a…
Technological actions led to a sharp global fall after fears grew about high spending on artificial intelligence, the indebtedness of companies in the sector and the possibility of new regulations after the US legislative elections.
MARKET MELTDOWN: Asian Stocks CRATER as AI Panic and Democrat Midterm Sweep Wipe Out Billions
South Korea's KOSPI plunged over 8% triggering a trading halt, Japan's Nikkei fell 6%, and Taiwan's index dropped 8% as a Wall Street sell-off fueled by Democrats' midterm victories and AI fears spread across the globe.
Fears that the Democratic Party’s “blue tsunami” in this week’s midterm elections will sink investment in artificial intelligence are roiling markets worldwide, with the sell-off spreading from Wall Street to Asia and, in recent hours, to Europe. Asian markets are in the red as investors dump technology stocks after the US stock market lost more than $3.2 trillion yesterday. Japan’s Nikkei index is down nearly 6% today — its worst drop since A…
A strong wave of liquidation in technology stocks spread across international markets on Friday, following the Democrats' victory in the elections. #StarGrNews
Wall Street's Nasdaq index lost 5.5% yesterday, and the Japanese and South Korean stock markets started the morning with losses of 6%. Investors are afraid that the Democratic Party will impose regulations on artificial intelligence.
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