Tech stocks plunge as US midterm results fuel fears of tighter AI rules
- Asian tech firms suffered a bloodbath Friday as investors tracked a collapse on Wall Street fuelled by fears that Democrats will ramp up regulations of the AI industry following their blowout victory in this week's US midterm elections.
- Trading boards were a sea of red in early business, with Seoul and Tokyo taking the brunt of the selling as traders fled to the hills amid uncertainty about a sector that had pushed stock markets to record highs just five months ago.
- While the historic "blue wave" in Tuesday's vote had been initially welcomed on hopes it could put pressure on President Donald T
Unverified
- Asian tech firms suffered a bloodbath Friday as investors tracked a collapse on Wall Street fuelled by fears that Democrats will ramp up regulations of the AI industry following their blowout victory in this week's US midterm elections.
- Trading boards were a sea of red in early business, with Seoul and Tokyo taking the brunt of the selling as traders fled to the hills amid uncertainty about a sector that had pushed stock markets to record highs just five months ago.
- While the historic "blue wave" in Tuesday's vote had been initially welcomed on hopes it could put pressure on President Donald T
Sources: France 24