Asian and European markets follow Wall Street with sharp fall as FTSE down 1.5%Business live – latest updatesEuropean 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. Continue reading...
Global stocks plunge amid AI slowdown fears after Democrats’ midterm triumph
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Guardian TechnologyBy Mark Sweney and Graeme Wearden
EXECUTIVE SUMMARY
Asian and European markets follow Wall Street with sharp fall as FTSE down 1.5% Business live – latest updates 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 sha
Key Takeaways
- Global stocks plunge amid AI slowdown fears after Democrats’ midterm triumph.
- 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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Published originally on Guardian Technology
