Global stocks tumbled amid concerns that Democratic victories in US midterms will slow the AI boom. US equities lost over $3 trillion, with Asian markets following suit. Japanese stocks fell over 3 percent in early trading, and South Korean chipmakers triggered circuit breakers as the Kospi dropped 8.5 percent.
Despite the sell-off, US stock futures showed signs of easing pressure on the AI trade. The dollar rose against key trading partners while Treasury yields stabilized. Beyond markets, the article covers political shifts in Washington, exclusive reports on Jaguar Land Rover's delayed recalls, Blackstone's tightened investor lock-up periods, and ongoing tensions in the Middle East.
Source: Financial Times Companies · Summarized by HeadlinesBriefing