🤖 AI sell-off rattles global markets
Fears of tighter AI regulation and a slower data center buildout after the Democratic midterm win erased the post-election rally. Wall Street had its worst day since April 2025. 😨
🇺🇸 Wall Street (Thursday close)
📉 S&P 500: 7,353.73 (down 4.36%)
📉 Nasdaq: 24,315.00 (down 5.52%, correction territory)
📉 Dow: 51,523.06 (down 3.44%)
⚠️ VIX at 28.18 (up 69.7%), 10-year yield at 4.83%, dollar index at 101.66
🌏 Asia
🇯🇵 Nikkei 225: 57,328 (down 6.14%), its biggest one-day drop since April 2025
🇰🇷 Kospi: 5,058 (down 6.06%), after a circuit breaker halted trading at the open
🇹🇼 Taiwan Weighted: down 4.47%
🇭🇰 Hang Seng: 24,530 (down 1.08%)
🇨🇳 Shanghai Composite: 3,648 (down 1.14%)
🇦🇺 ASX 200: down 0.49%
🛢️ Commodities
🛢️ Brent: about $99.8 (up 1.6%) and WTI: about $91.6 (up 1.2%), on tanker attacks and uncertain US–Iran talks
🥇 Gold: about $4,045 (down 1.1%)
₿ Crypto
₿ Bitcoin: about $75,500 (down 6.4%)
Ξ Ethereum: about $2,220 (down 8.6%)
Over $1B in long positions were liquidated.
📅 Today’s focus
🕒 13:30 GMT: US October Nonfarm Payrolls. The forecast is +65K (prior +29K), with unemployment at 4.2%.
📊 15:00 GMT: University of Michigan consumer sentiment
🏦 Markets price a 67% chance of a Fed rate hike in December.
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