Dollar and AI Stocks Fall: Investors Sell Securities After Democrat Win Global markets reacted to the Democratic Party's landslide victory in the US midterm elections with a sell-off. On Wednesday, stock indices fell and the dollar weakened. According to Reuters, investors fear that the Democrats' success will hurt the construction of artificial intelligence data centers and force technology companies to cut costs. The first to fall were documents related to artificial intelligence. S&P 500 futures lost 0.6%, Nasdaq - more than 2%, then partially recovered from the fall and remained minus 0.8%. The yield on the 10-year US Treasury note fell to 4.906%. The dollar weakened sharply, with European futures down 1.4%. In Asia, chipmakers Samsung and TSMC took the hit, while Japan's Nikkei fell 3 percent to a five-month low, largely due to SoftBank. "Democratic victories on all fronts mean greater regulatory scrutiny of tech companies and the artificial intelligence sector, and also increases the likelihood of a political breakdown. " - says Prashant Nyonka of TD Securities.

Dollar and AI Stocks Fall: Investors Sell Securities After Democrat Win Global markets reacted to the Democratic Party's landslide victory in the US midterm elections with a sell-off. On Wednesday, stock indices fell and the dollar weakened. According to Reuters, investors fear that the Democrats' success will hurt the construction of artificial intelligence data centers and force technology companies to cut costs. The first to fall were documents related to artificial intelligence. S&P 500 futures lost 0.6%, Nasdaq - more than 2%, then partially recovered from the fall and remained minus 0.8%. The yield on the 10-year US Treasury note fell to 4.906%. The dollar weakened sharply, with European futures down 1.4%. In Asia, chipmakers Samsung and TSMC took the hit, while Japan's Nikkei fell 3 percent to a five-month low, largely due to SoftBank. "Democratic victories on all fronts mean greater regulatory scrutiny of tech companies and the artificial intelligence sector, and also increases the likelihood of a political breakdown. " - says Prashant Nyonka of TD Securities.