Global market downturn spreads to UK and Europe amid tech sell-off

ITV News · ITV News · 2026-11-06 08:59 UTC

Analysts linked the weakness to Democrat victories in the US mid-term elections and concerns over a potential AI ‘bubble’.

London’s financial markets slid on Friday morning as a major tech sell-off on Wall Street spread globally.

Leading financial markets were hit by heavy falls for AI-focused firms, including chip makers and data centres firms, wiping trillions of pounds off their value.

Analysts linked the weakness to Democrat victories in the US mid-term elections and concerns over a potential AI “bubble”.

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