Morning Briefing: Die Börsen leiden an Trump-Entzug
In den USA brechen die Aktienmärkte ein. Und geben einen kleinen Vorgeschmack: Nur weil der US-Präsident künftig weniger Einfluss hat, wird nicht automatisch alles gut.
Good morning, valued readers. While the Democratic victory in the US midterm elections might be a blessing for the political culture, it does not translate so unquestioningly into economic prospects. And it is the tech sector that feels the impact first. No industry has entered a tighter alliance with Donald Trump than tech, no sector profited as much from his presidency, and no sector is now under such pressure.
Tech stocks were hit broadly across the US exchanges yesterday. The Nasdaq technology index fell 5.5 percent, the Dow Jones 3.4 percent, and the broad S&P 500 index dropped 4.4 percent. Semiconductor manufacturers suffered the most, with Nvidia losing nearly nine percent, erasing all its annual gains. It appears the stock markets are suffering from Trump withdrawal, and fears that Democrats might significantly curb infrastructure development for AI and impose stricter regulations on AI development.
However, further reasons for yesterday's market decline were also hidden behind the headline election results. Tech chip manufacturers Qualcomm and Arm disappointed analysts, and Kobeissi analysts attribute the stock losses to credit financing bets.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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