The political shift triggered Wall Street's sharpest single-day decline since 2025, sending the tech-heavy Nasdaq Composite down more than 5.50%. The downturn cascaded into Asian equities over two consecutive trading sessions, dragging down key hardware producers in Japan, South Korea, and Taiwan. Major chip firms bore the brunt of the downturn, with individual names such as Micron Technology sinking 17.46% and SK Hynix dropping 18% across two sessions. Meanwhile, investors redirected capital toward mainland Chinese internet platforms detached from the primary American data center infrastructure.
Key points
Asian technology bourses experienced severe spillover losses as leading memory and chip e…: Asian technology bourses experienced severe spillover losses as leading memory and chip equipment manufacturers retreated sharply.
Chinese and Hong Kong internet platforms largely avoided the heavy losses hitting the Ame…: Chinese and Hong Kong internet platforms largely avoided the heavy losses hitting the American data center supply chain.
The Nasdaq Composite fell over 5.50% to close at 24,315 amid steep single-day losses in m…: The Nasdaq Composite fell over 5.50% to close at 24,315 amid steep single-day losses in mega-cap technology firms.
Sources checked by our analysis pipeline: 1
US Midterm Election Results | AI stocks fall: After the humiliating defeat of Donald Trump's Republican Party in the US Midterm Elections 2026, a massive sell-off was triggered in AI and semiconductor stocks across global markets. In the US stock market, flagship AI and semiconductor stocks NVIDIA, AMD, and Micron shares crashed by up to 17%, wiping out $2.50 trillion in wealth from Wall Street, a BBC report claims. The sell-off in AI and semiconductor stocks was not limited to the US market. AI and semiconductor stocks listed on the Japanese Nikkei 225, South Korea's KOSPI, Taiwan's Taiex, China's CSI 300, and Hong Kong's Hang Seng Index witnessed heavy losses after the Democratic Party's sweeping victory in the US Midterm Elections.
After the announcement of US Midterm Election Results 2026, the tech-heavy Nasdaq Composite index crashed over 5.50% and finished at 24,315 on Thursday. The Dow Jones Industrial Average crashed by close to 3.50% and finished at 51,523, while the S&P 500 index nosedived by4.36%. Other US stock indices also witnessed heavy losses, wiping out around $2.50 trillion of wealth…
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