aceGlobal 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, where the market is poised for its worst day since March. The FTSE 100 index, which tracks blue-chip shares listed in London, was down 207 points, or 1.9%, at 10,575 points in mid…
Fears that AI datacentre spending will slow after the Democrats' midterm win drove a 5.5% one-day Nasdaq drop and falls of up to 8% in Asian and European markets, according to market reports.
Analysts quoted disagree on whether this marks a lasting shift, and most indices remain up for the year despite the sell-off.
Sources
- JournalismThe Guardian2026-11-06
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