Global stocks tumble as AI panic grips markets after Democrats’ midterm success – business live

The Guardian · Graeme Wearden, Siraj Datoo ·

Rolling coverage of the latest economic and financial news, as Asia-Pacific markets slide after Wall Street rout

Introduction: Global stocks tumble as AI panic grips markets

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

Fears that the Democratic Party’s blue wave in this week’s midterm elections will sink the AI investment boom are roiling markets, following heavy losses on Wall Street last night.

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