Tech Firms Suffer Bloodbath as US Midterms Fuel AI Fears
Asian tech firms suffered a bloodbath Friday as investors tracked a collapse on Wall Street fueled by fears that Democrats will ramp up regulation of the AI industry following their blowout victory in this week's US midterm elections. Trading boards were a sea of red in early business, with Seoul and Tokyo taking the brunt of the selling as traders fled to the hills amid uncertainty about a sector that had pushed stock markets to record highs just five months ago, said AFP.
