US Stocks Lose ₹180 Lakh Crore in a Day After Democratic Wins

The US stock market lost approximately 180 lakh crore rupees in market value in a single day, shocking investors. The sharp decline follows the Democratic Party's sweeping victory in the US midterm elections. Democratic governors were elected in Texas, Ohio, and Georgia after campaigning against AI data centers, citing concerns over excessive electricity and water usage. This could lead to new restrictions or bans on these facilities, potentially reducing billions of dollars in planned international tech investments. The Nasdaq fell 5 percent, with semiconductor stocks like Nvidia, AMD, Micron, and Qualcomm dropping 9 to 18 percent, while Oracle fell 7 percent. Tesla and SpaceX shares, linked to Trump donor Elon Musk, each fell 10 percent. The Dow Jones dropped over 1,600 points, prompting investors to shift toward US government bonds, with two-year Treasury yields falling to 4.47 percent.