Stocks tumble as AI panic sweeps markets and investors flee to bonds as safe haven

The Straits Times · The Straits Times · 2026-11-06 01:52 UTC

Asia stocks slump as AI rout rocks US markets, with South Korea and Japan hit by sharp sell-offs Read more at straitstimes.com.

- Asia stocks fell sharply after a US AI selloff, with Japan, South Korea and Taiwan hit hard as fears grew over tighter regulation and slower AI spending.

- Wall Street lost US$3 trillion in S&P 500 value, while the Nasdaq fell 5.5%; investors worried Democrats may slow the AI boom after the midterm elections.

- AI chipmakers and related firms dropped heavily, but bonds and haven currencies rose as some analysts said the selloff may be near its end.

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