Tech Rout Sends Asian and European Stocks Tumbling After US Midterm Results

Summary

Asian and European stock markets fell sharply on Friday, November 6, after a Democratic sweep of Congress in the US midterm elections fed a rout in American technology stocks. Bloomberg reported that Asian markets were notching fresh grim milestones as the AI selloff deepened, and Al Jazeera said Asian markets plunged in step with a sell-off in Western stocks. RTÉ reported that the rout rippled through European and Asian markets on fears that the election result would increase regulatory scrutiny of AI and slow the data centre build-out. The Guardian reported that a Wall Street sell-off on Thursday was followed by sharp falls in Asia, that London was at one stage poised for its worst day since March, and that many analysts predicted more waves of selling. The Sydney Morning Herald reported that the US share market took a nosedive after the midterms, fuelled by fears of tighter AI regulation. Bloomberg also reported that US stock futures rebounded in a volatile session after heavy selling in the underlying gauges, as dip buyers emerged. The Straits Times reported that IMF chief said any slowdown in AI-driven growth would be a factor for central banks.

Timeline

1. Bloomberg

   6 Nov 2026, 05:11 UTCSource ↗

   Bloomberg reports that Asian markets are notching fresh grim milestones as the AI selloff deepened following the Democrats' decisive midterm election win.

2. RTÉ

   6 Nov 2026, 07:08 UTCSource ↗

   RTÉ reports that a steep rout in technology stocks rippled through markets on fears that the Democrats' midterm victory would increase regulatory scrutiny of AI and slow the data centre build-out.

3. Al Jazeera

   6 Nov 2026, 07:24 UTCSource ↗

   Al Jazeera reports that Asian markets plunged on Friday, tracking a sell-off in Western stocks after the US midterm elections, amid fears of AI curbs in the US.

4. Bloomberg

   6 Nov 2026, 11:25 UTCSource ↗

   Bloomberg reports that US stock futures rebounded in a volatile session after heavy selling in the underlying gauges, as dip buyers emerged following the Democratic sweep of Congress.

5. The Guardian

   6 Nov 2026, 15:48 UTCSource ↗

   The Guardian reports that Asian and European stocks fell sharply on Friday after a Wall Street sell-off on Thursday, with London at one stage poised for its worst day since March.

6. Sydney Morning Herald

   6 Nov 2026, 20:53 UTCSource ↗

   The Sydney Morning Herald reports that the US share market took a nosedive in the wake of the Democrats' midterm victory, fuelled by fears of tighter AI regulation.

7. The Straits Times

   7 Nov 2026, 03:45 UTCSource ↗

   The Straits Times reports that the IMF chief said any slowdown in AI-driven growth would be a factor for central banks, following a steep rout in technology stocks on Nov 5 after the Democrats' US midterm victory.