A tech stock rout that began in the US spread to Asia on Friday, driven by fears that a Democratic midterm victory will tighten AI regulation and slow data centre expansion. Japan's Nikkei fell 6%, while South Korea and Taiwan indices plunged over 8% before recovering. South Korea halted trading and China's state entities bought equities to stabilise markets.
Global Tech Stocks Plunge on AI Regulation Fears
Source: Al Jazeera