Asian Stocks Tumble as AI Rout Rocks US Markets
Asian equities fell sharply after a rout in global technology stocks, with the report citing concerns that a Democratic victory in US midterm elections could increase AI regulation and slow AI investment. Japan’s Nikkei fell 6%.
By Ankur BanerjeeA rout in global technology stocks deepened on Friday as fear that the Democrat's victory in the US midterm elections would increase regulatory scrutiny of AI and slow down AI build-out gripped markets, sending investors to the safety of bonds.Japan's Nikkei TVC:NI225 slumped 6%, s…