Biggest Tech Stock Crash Since Covid? $3 Trillion Wiped Out Of Wall Street, Asia Catches The Crash

Wall Street witnessed its worst tech stock rout in 19 months as the Nasdaq plunged 5.52%, wiping out trillions in market value. The Democrats’ sweeping US midterm election victory sparked fears of tougher AI regulations, threatening the massive infrastructure investments powering the technology boom. The Magnificent Seven lost over $1 trillion, with Nvidia shedding more than $440 billion. President Donald Trump blamed Democrats for the historic market decline. The panic spread to Asia, where South Korea’s KOSPI plunged over 8%, triggering a circuit breaker, while Japan’s Nikkei tumbled over 5%.

#WallStreet #StockMarketCrash #Nasdaq #Nvidia #AIStocks #USMarkets #Trump #Democrats #AsianMarkets #KOSPI

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