{
  "id": 18501708,
  "title": "Global tech stocks suffer bloodbath as US midterms fuel AI fears",
  "url": "https://urgent.news/2026/11/06/global-tech-stocks-suffer-bloodbath-as-us-midterms-fuel-ai-fears-18501708",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-06T12:17:21.000Z",
  "source": {
    "name": "Dawn",
    "slug": "dawn",
    "url": "https://www.dawn.com/news/2042565/global-tech-stocks-suffer-bloodbath-as-us-midterms-fuel-ai-fears"
  },
  "original_language": "en",
  "account": "Technology stocks experienced a major decline following the US midterms, fueled by growing concerns about Democrats accelerating a backlash against AI. The Nasdaq suffered the worst performance since April 2022, dropping 5.5%. Wall Street's decline had a domino effect on Asian markets, with the Nikkei, Kospi, and DAX all falling between 6% and 6.0%. Analysts noted that investors were worried about the hundreds of billions of dollars invested in AI infrastructure and the uncertainty surrounding returns. Data center projects were facing opposition from voters across the political spectrum, with some winners pledging to slow them down. The Philadelphia Semiconductor Index plunged 16% this week, signaling a potential end to the AI bull run. While some analysts believed the selling could continue, others thought it might be exaggerated, with TSMC hitting its daily limit down circuit breaker, a sign of the downturn's conclusion.",
  "summary": "Technology shares plunged on Friday after an unnerving rout on Wall Street as fears grew that Democrats would accelerate a backlash against AI after their crushing defeat of President Donald Trump’s Republicans in the US midterms . The Tokyo and Seoul stock markets closed out their weeks with losses of six per cent following the Nasdaq’s 5.5pc collapse on Thursday, its worst showing since April…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}