EconomyAI sell-off grips Asian markets after steep US stock declines

Anxiety over AI is hammering global financial markets. Democrats’ midterm victory in the US this week is being read as a sign of tighter limits on data-centre construction and broader restrictions on AI regulation and spending. Tech-heavy Asian economies are bearing the brunt: South Korea’s KOSPI fell nearly 9% at one point on Nov. 6, prompting a temporary trading halt, while benchmarks in Japan and Taiwan entered bear-market territory.