00:01Global stock markets are experiencing a major sell-off, mainly because investors are becoming
00:07worried about the future of AI and semiconductor companies. In early trading, the stocks Europe
00:14600 was down 1.2 percent, Germany's DAX lost 1.6 and France's CAC 40 and London's FTSE 100
00:24both dropped 1.4 percent. The MSCI AC Asia index fell more than 4 percent as a sell-off in
00:32AI and
00:33chip stocks spread from Wall Street to Asia. Investors are waiting to see whether the US
00:38Democrats' sweeping wins in this week's midterm elections could lead to tougher roles on new
00:44data centers, as many candidates who won pledged to slow or halt their construction, according to
00:51market intelligence company CleanVue. The election results and higher borrowing costs have raised
00:57concern about whether companies can recover their massive AI investments and build the data centers
01:03needed to support them. Meanwhile, on Thursday, the US chip stocks suffered their worst day since 2020,
01:10with the Philadelphia Semiconductor Index falling by 12.2 percent.
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