US Midterm Election Jitters markets
\n\nInvestors globally reacted sharply to the early indications of a Democratic victory in the US midterm elections as the Asian markets registered a sharp sell-off on Wednesday. Japan's Nikkei 225 and South Korea's Kospi plunged up to 4.5% amid concerns over tighter regulatory scrutiny of artificial intelligence (AI) companies and a potential slowdown in AI infrastructure spending weighed heavily on technology stocks across the region.
\n\nJapan's Nikkei 225 declined over 4%, while South Korea's Kospi reversed its early gains to fall nearly 4%. The broader MSCI Asia Pacific Index dropped as much as 2.3%, with technology stocks leading the losses.
\n\nSemiconductor-linked stocks bore the brunt of the selling, with shares of Japan's Kioxia Holdings falling over 11% and Advantest declining nearly 8%. In South Korea, Samsung Electronics and SK Hynix also traded lower.
\n\nIndian Markets reacted sharply in contrast to the global trend as the benchmark indices remained relatively resilient. Sensex and Nifty traded in positive territory during the morning session.
\n\nThe gains came even as global markets remained under pressure following the US election developments.
\n\nMarkets also reacted sharply to the support from easing crude oil prices, positive corporate earnings and signs of a…
Original source: https://www.timesnownews.com/business-economy
