European, Asian stocks tumble as AI rout rocks US markets

RTÉ News · RTÉ News · 2026-11-06 07:08 UTC

A steep rout in technology stocks today rippled through markets on fears that the Democrats' victory in the US midterm elections would increase regulatory scrutiny of AI and slow the data centre build-out.

A steep rout in technology stocks today rippled through markets on fears that the Democrats' victory in the US midterm elections would increase regulatory scrutiny of AI and slow the data centre build-out, sending investors to the safety of bonds.

Japan's Nikkei index slumped 6%, its deepest one-day drop since April 2025. Benchmark share price indices in South Korea and Taiwan similarly plunged more than 8% after the opening bell, before cutting losses as authorities scrambled to stem the selling.

European shares also moved lower this morning, with losses across the board as a global market rout gathered steam, capping a painful week as investors grappled with uncertainty over AI stocks after Democrats took control of the US Congress.

Read the full story at RTÉ News · All coverage of this story