Global Markets Lose $3.5T as AI Stocks Plummet Post-U.S. Midterms

The Chosun Ilbo · Ryu Jung · 2026-11-06 10:33 UTC

Global Markets Lose $3.5T as AI Stocks Plummet Post-U.S. Midterms Democratic Partys election wins fuel fears of AI infrastructure delays, sparking global tech sell-off

Following the Democratic Party’s landslide victory in the U.S. midterm elections, a global sell-off in AI-related stocks caused the combined market capitalization of global stock markets to evaporate by $3.5 trillion (approximately 4,732 trillion Korean won) within a day of the election results, the Nikkei reported on November 6.

According to market analysis firms QUICK and FactSet, the combined market capitalization of global stock markets stood at $154 trillion as of November 5, down $3.5 trillion from November 4. On November 6, the Tokyo Stock Exchange’s Prime market alone saw a loss of 77 trillion Japanese yen (658 trillion Korean won) in market capitalization.

On November 5, the tech-heavy Nasdaq Composite Index in the U.S. fell 5.5% from the previous day. The sell-off was led by AI and semiconductor stocks. The Philadelphia Semiconductor Index (SOX), composed of major semiconductor stocks such as NVIDIA and Micron Technology, plummeted 12.2%.

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