European stocks join global rout after worst US chip sell-off since 2020

Euronews · Doloresz Katanich · 2026-11-06 07:01 UTC

S&P 500 companies lost a record $2.9 trillion (€2.6 trillion) in market value on Thursday. European shares opened lower on Friday as investors weighed whether Democrats’ US midterm wins could lead to tougher rules on AI data centres.

S&P 500 companies lost a record $2.9 trillion (€2.6 trillion) in market value on Thursday. European shares opened lower on Friday as investors weighed whether Democrats’ US midterm wins could lead to tougher rules on AI data centres.

European stocks opened lower on Friday as the sell-off in US chip stocks spread to Asia and Europe. In early trading, the Stoxx Europe 600 was down 1.2%, Germany’s DAX lost 1.6%, and France’s CAC 40 and London’s FTSE 100 both dropped 1.4%.

The MSCI AC Asia Index fell more than 4% as a sell-off in AI and chip stocks spread from Wall Street to Asia. However, US futures point to a pause in the sell-off, with futures on the tech-heavy Nasdaq-100 up 1.5% at around 10:15 CET.

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