US Election Results Trigger Asian Market Selloff

businessinsider.com.pl (Polish) —

Asian stock markets plunged over 3-4% on Wednesday following initial US midterm election results, while the dollar fell 0.41% against the euro. Investors fear stricter AI regulations. Technology and semiconductor stocks led the selloff, with Tokyo's Kioxia Holdings dropping over 11%. Investors worry Democrats' congressional control could tighten AI regulations and halt data center subsidies. The dollar fell 0.65% to 157.65 yen amid legislative paralysis concerns. US media report Democrats won control of both the House and Senate in Tuesday's elections.


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US Election Results Trigger Asian Market Selloff | News Minimalist