AI stock selloff sends Asian markets plunging, South Korea halts trading
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Amid concerns that data center construction may be delayed after the Democrats' landslide victory in the U.S. midterm elections, AI-related stock markets in Asia plunged in early trading on Friday, November 6. Taiwan's weighted index fell about 9% in early trading, the largest drop in history; South Korea suspended trading. Wall Street had already seen a tech stock selloff overnight, and the declines in Asian markets extended that trend.
AI overview based on source reports · Updated 5 min ago
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- Hacker News AITaiwan stocks in steepest-ever fall, South Korea halts trading amid AI rout
Asian stock markets tied to the AI boom plunged on Friday morning after an overnight tech sell-off on Wall Street, with Taiwan's Taiex falling around 9% in morning trading on Nov. 6 and South Korea halting trading. Investors worried about possible delays in data center construction following a sweeping Democratic victory in the U.S. midterm elections.
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