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Markets Plunge on AI Fears

Markets Plunge on AI Fears

Global stocks fell sharply on Friday as a sell-off in US technology shares spread to Asia and Europe, amid fears that the Democrats’ midterm victory could slow the AI industry. The FTSE 100 opened down 1.5%, while Germany’s Dax fell 1.5%; Japan’s Nikkei dropped 6% and South Korea’s Kospi more than 8% in early trading. The Nasdaq had fallen 5.5% on Thursday, its worst day in 19 months.

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