Global equities slide after US tech rout as midterm outcome fans AI slowdown worries
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After Democrats’ midterm gains stirred fears of an AI slowdown, Thursday’s Wall Street tech sell-off—Nasdaq’s worst day in 19 months—spread to Asian markets Friday and then Europe. London’s FTSE 100 opened 1.5% lower (166 points) at 10,615. AstraZeneca fell 2.8%, the steepest FTSE 100 drop; IAG shed 1.5% after missing profit forecasts; Antofagasta and Anglo American also declined. Germany’s Dax opened down 1.5%, France’s Cac 40 1.2%, Spain’s Ibex 1.1%. Wealth Club strategist Susannah Streeter said slowing datacentre build-outs could undercut the AI spending boom.
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