Stock markets: Markets react to Democrats' victory – Nikkei plummets, US futures fall
The clear victory of the Democrats is fuelling fears of a slower expansion of AI. In Japan, investors are reacting with sales - and losses are also emerging on the US stock exchanges.
The US midterm elections have triggered significant market reactions in Asia, with the Democrats' stronger-than-expected performance leading to initial losses in US futures. However, as it became clear that the Democrats would control both houses of Congress, losses narrowed. In Japan, the Nikkei index dropped by up to 4.7% before recovering to a loss of less than 2.5%, while Korea's Kospi index fell by 3.8% before almost fully recovering.
The Tokyo market also reacted to strong quarterly results from US chipmaker AMD and renewed investor skepticism about Artificial Intelligence.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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