Tech stock rout, driven by US AI fears, continues in Asian trading
Al Jazeera · Al Jazeera Staff ·
Global markets are being roiled due to concerns over US data centre expansion and AI regulation.
Global markets roiled due to concerns that US midterm election results will lead to slowing data centre expansion and increased regulation of AI.
A tech stock rout that began overnight in the United States has persisted in Asian trading.
Market authorities in South Korea paused trading on Friday as prices plunged across the region. Global markets have been rattled by a sharp fall in the trading price of tech stocks, which is driven by fears that the Democrats’ victory in the US midterm elections will increase regulatory scrutiny of AI and slow the country’s data centre build-out.
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