Global stocks plunge amid AI slowdown fears after Democrats’ midterm triumph

The Guardian · Mark Sweney, Graeme Wearden · 2026-11-06 08:58 UTC

Asian and European markets follow Wall Street with sharp fall as FTSE down 1.9%

European stock markets have fallen sharply as a rout in US tech stocks spread across the Atlantic, after the Democrats’ midterms victory sparked fears of a slowdown in the AI industry.

A sell-off on Wall Street on Thursday was followed by sharp falls in Asian stocks markets on Friday morning. The investor sentiment then reached London, where the market is poised for its worst day since March.

The FTSE 100 index, which tracks blue-chip shares listed in London, was down 207 points, or 1.9%, at 10,575 points in mid-morning trading.

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