Global stocks plunge amid AI slowdown fears after Democrats’ midterm triumph
- 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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- 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.
Sources: Guardian