Global stocks fall on AI slowdown fears after Democrats’ midterm win

Global stock markets plunged Friday after Democrats' midterm victory fueled fears of an AI industry slowdown, with European and Asian indices following a sharp Wall Street sell-off. The FTSE 100 fell 1.5% at London's open, led by AstraZeneca down 2.8%, while Germany's Dax dropped 1.5% and France's Cac 40 fell 1.2%. Japan's Nikkei sank 6% and South Korea's Kospi tumbled over 8%. The Nasdaq suffered its worst day in 19 months Thursday, slumping 5.5%, with chip stocks hit hardest. Despite losses, most indices remain up for the year, with the FTSE 100 still gaining nearly 6.9% in 2026.