Global shares skid after AI worries send Wall Street tumbling
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Global shares have tumbled following a broad selloff on Wall Street of shares related to artificial intelligence. Shares fell in early Friday trading in France…
TOKYO (AP) — Global shares tumbled Friday following a broad selloff on Wall Street of shares related to artificial intelligence as the prospect of more regulation in the wake of the US midterm elections compounds fears about high levels of debt and spending in the sector.
France's CAC 40 shed 1.2% in early trading to 8,107.20, while the German DAX lost 1.4% to 25,961.60. Britain's FTSE 100 fell 1.5% to 10,625.40. U.S. shares were set to trade mixed, with Dow futures down 0.9% at 51,075.10. S&P 500 futures edged up 0.1% to 7,362.20.
Tokyo's benchmark Nikkei 225 slipped 6.0% to finish at 57,434.77, falling below 60,000 points for the first time in nearly half a year. Japanese technology shares were among the biggest losers, including SoftBank Group Corp. and Advantest Corp.
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