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Japan's Nikkei drops 3% as Democratic gains in US midterms hit AI stocks

TOKYO: Japan's Nikkei average slumped on Wednesday as AI-related stocks slid on concerns that Democratic gains in the US midterm elections could lead to stricter rules for data-centre projects and slow AI infrastructure spending.

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受美国中期选举民主党获胜打击,日本日经指数下跌3%,人工智能股受到冲击。

A man stands in front of an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo - Photo by Kazuhiro NOGI / AFP

TOKYO: Japan's Nikkei average slumped on Wednesday as AI-related stocks slid on concerns that Democratic gains in the US midterm elections could lead to stricter rules for data-centre projects and slow AI infrastructure spending.

The Nikkei was down 3.1% at 61,127.9 by 0150 GMT, while the broader Topix fell 1.85% to 3.857.97.

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