Global markets plunge as AI investment fears hit Asian stocks

Global stock markets fell sharply, with Milan's FTSE Mib opening down 1.68% and Asian indexes plunging up to 6%, driven by Wall Street losses and fears that US election results could slow AI data center investments. Seoul dropped 6% and Tokyo fell 5.9%, with the Nikkei closing below 60,000 points for the first time in about five and a half months at 57,434.77. Chinese markets also declined, with Shenzhen down 2.2% and Shanghai down 1.1%. European futures pointed lower, while US futures remained uncertain. The yen strengthened to 157.80 against the dollar and 176.70 against the euro.