Global stocks plunge as AI slowdown fears spread from Wall Street

Stock markets fell sharply worldwide after a Wall Street sell-off fuelled by fears of an AI industry slowdown following the Democrats' midterm victory. The Nasdaq dropped 5.5%, its worst day in 19 months, with chip stocks leading losses. Japan's Nikkei fell 6%, South Korea's Kospi over 8%, and the FTSE 100 opened down 1.5%.