Global stocks plunge amid AI slowdown fears after Democrats’ midterm triumph
The Guardian reports a global stock rout driven by fears that the Democrats' midterm victory will slow the AI boom, with the Nasdaq suffering its worst day in 19 months after a 5.5% slump and sharp falls spreading to Asian and European markets, including a 1.9% drop in the FTSE 100. Analysts' assessments differ: Chris Beauchamp warns of more selling to come and notes nerves over a possible resumption of the Iran conflict, while Mohit Kumar doubts the sell-off marks the start of an unwind of the AI trade.
