GLOBAL STOCKS TUMBLE AS AI PANIC GRIPS MARKETS AFTER DEMOCRAT MIDTERM SUCCESS – BUSINESS LIVE | BUSINESS

What happened: Global stocks fell as investors sold tech shares on fears that the Democratic midterm wins will slow the AI investment boom, following heavy Wall Street losses. Key numbers: Over $3.2tn wiped off the US market. Nasdaq fell 5.5%, DJIA 1,833.06 points (3.44%), S&P 500 4.36%. Nikkei down almost 6%, KOSPI 6.7%, TAIEX 4.5%. Why it matters: Analysts cite policy uncertainty, since Democrats are more critical of data centers, while earnings have undershot expectations. Jefferies expects no quick rebound, though it does not see Democrats abandoning AI as a growth engine. Coverage: 7 outlets in 24h

Global stocks fell as investors sold tech shares on fears that the Democratic midterm wins will slow the AI investment boom, following heavy Wall Street losses.

Analysts cite policy uncertainty, since Democrats are more critical of data centers, while earnings have undershot expectations. Jefferies expects no quick rebound, though it does not see Democrats abandoning AI as a growth engine.