Economy
U.S. Midterm Results And AI Spending Fears Wipe Out $2.5 Trillion From Nasdaq 100
The Hindu2h
THE BRIEF
1
Global technology stocks tumbled as the Nasdaq-100 plunged 6.36% on November 5, erasing approximately $2.53 trillion from its aggregate adjusted market value following U.S. midterm results.
2
Democratic victories in the U.S. midterm elections heightened prospects of tighter scrutiny on data-centre projects and possible restrictions on new developments.
3
Indian equities bucked the worldwide sell-off as the Sensex surged 1,718 points to close at 81,028.02 and the Nifty 50 advanced 2.01% to 25,030.35.