Global stocks tumble as AI panic grips markets after Democrats’ midterm success – business live
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Key points
Global stocks tumble as AI panic grips markets after Democrats’ midterm success – business live
Nasdaq sell-off batters Asian chip stocks as SK Hynix, Samsung, Softbank, TSMC tumble
US Dollar Index Price Forecast: Safe-haven bid helps recovery above 20-day EMA ahead of US NFP
US Treasury traders bullish as October jobs report looms
US efforts to ease Middle East tensions lead to oil price drop
KEY POINTS
What moved markets
01Neutral
Global stocks tumble as AI panic grips markets after Democrats’ midterm success – business live
The main theme today is a sharp pullback in technology shares that spread from Wall Street into Asia. A sell-off in stocks tied to artificial intelligence infrastructure drove the Nasdaq 100 down 6.36 percent, its worst day since 2020. That move set the tone for the session, and most indices are still up over a longer stretch despite the losses.
02Neutral
Nasdaq sell-off batters Asian chip stocks as SK Hynix, Samsung, Softbank, TSMC tumble
Asian chip names took the brunt of the spillover. Technology stocks across the region fell on Friday, tracking the overnight rout in the United States. The Nasdaq Composite itself slid into correction territory.
03Neutral
US Dollar Index Price Forecast: Safe-haven bid helps recovery above 20-day EMA ahead of US NFP
The same rotation lifted the dollar. The dollar index traded sharply higher against major peers as investors moved out of AI-related stocks and into safer holdings. Traders are now waiting on the US non-farm payrolls report.
04Neutral
US Treasury traders bullish as October jobs report looms
That jobs report is the next focus for bond markets. Treasury traders are positioned bullishly ahead of the October release. A weaker reading could reinforce expectations that rates stay steady, which would shape yields and the path for Federal Reserve policy.
05Neutral
US efforts to ease Middle East tensions lead to oil price drop
In energy, oil prices came under pressure. US diplomatic efforts to ease Middle East tensions were seen as reducing geopolitical risk. That, in turn, may help steady oil markets and feed into global economic and energy planning.
06Neutral
ConocoPhillips Doubles Profit to $4 Billion, Raises Dividend
On the corporate side, ConocoPhillips more than doubled its third-quarter profit to 4 billion dollars. The company also raised its quarterly dividend by 11 percent. It joins a growing group of oil majors posting large earnings gains on higher crude prices.
MOST MENTIONED
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How many stories mention each market, and how many read bullish or bearish.
Global stocks tumble as AI panic grips markets after Democrats’ midterm success – business live
Global stocks tumble as AI panic grips markets after Democrats’ midterm success – business live. Rolling coverage of the latest economic and financial news, as Asia-Pacific markets slide after Wall Street rout.
NeutralOilPrice.com
China’s Carbon Emissions Plunge 3.1% as Oil Demand Slumps
A decline in fuel use in China’s industrial sector has led to a 3.1% decline in carbon dioxide emissions in the third quarter of the year, the Finnish climate outlet Centre for Research on Energy and Clean Air has…
NeutralFXStreet
Indian Rupee hits fresh six-month low as AI slowdown fears trigger global sector rotation
The Indian Rupee (INR) strengthens further against the US Dollar (USD) on Friday. The USD/INR pair posts a fresh nearly six-month low near 94.08, as of writing.
NeutralBBC News
Global tech stocks plunge as US midterms add to AI slowdown fears
Investors have reacted to possible tougher scrutiny of data centre construction and the AI industry.
NeutralThe Block
Ark Invest buys more Coinbase as shares plunge 10% in wider market rout
Cathie Wood's Ark Invest bought $2.44 million worth of Coinbase on Thursday as the stock plunged 9.69% amid a broader sell-off.
NeutralCNBC
Nasdaq sell-off batters Asian chip stocks as SK Hynix, Samsung, Softbank, TSMC tumble
Asian technology stocks tumbled Friday, tracking a sharp sell-off on Wall Street overnight that sent the tech-heavy Nasdaq Composite into correction territory.
NeutralinvestingLive (ForexLive)
investingLive Americas FX news wrap 5 Nov: Nasdaq 100 plunges 6.36% as AI selloff spreads
Nasdaq 100 suffers worst day since 2020. Magnificent 7: What are the technicals telling traders for each of those companies him. WTI crude oil settles at $90.52, up 2.72% as buyers defend key support. Non-farm payrolls…
NeutralBitcoin Magazine
Bitcoin Price Trades Near $76,000 as Nasdaq Tumbles into Correction
Bitcoin price held near $76,000 Thursday afternoon as the Nasdaq sank deeper into a correction, crypto liquidations topped $1 billion and Strategy, Coinbase and bitcoin miners sold off in double digits. This post…
What Wall Street's tech stock sell-off means for your 401(k)
A sharp stock market sell-off sent major indexes tumbling Thursday, prompting financial experts to offer advice for Americans worried about their 401(k) retirement savings.
NeutralBitcoin Magazine
Core Scientific (CORZ) to Exit Bitcoin Mining by Year-End as Colocation Hits $215 Million
Core Scientific will finish winding down bitcoin mining in the fourth quarter and enter 2027 as a pure-play AI colocation landlord, with self-mining revenue already down to $12.3 million. This post Core Scientific…
US Treasury traders bullish as October jobs report looms
US Treasury traders bullish as October jobs report looms. A weaker jobs report could solidify expectations of stable rates, influencing Treasury yields and shaping future Federal Reserve policy decisions.
NeutralCrypto Briefing
US efforts to ease Middle East tensions lead to oil price drop
Reduced geopolitical risks from U.S. diplomacy may stabilize oil markets, impacting global economic forecasts and energy strategies.
NeutralFXStreet
US Dollar Index Price Forecast: Safe-haven bid helps recovery above 20-day EMA ahead of US NFP
The US Dollar (USD) trades sharply higher against its major currency peers as global sector rotation due to intensified sell-off in stocks related to Artificial Intelligence (AI) infrastructure has increased demand for…
NeutralCointelegraph
Bitcoin, Ether ETFs post $530M outflows as election gains evaporate
US spot Bitcoin and Ether ETFs shed a combined $530 million Thursday as Bitcoin fell below $76,000 and US stocks tumbled.
The USD/JPY pair struggles to capitalize on its intraday bounce from the weekly low, touched earlier this Friday, trading below the 158.00 mark during the early European session. Traders now look to the closely watched…
US Democrats are reportedly targeting President Trump's tariffs on Canada as the first step towards rolling back parts of his administration's trade policy. Senator Wyden said there is overwhelming support for repealing…
NeutralFXStreet
Forex Today: US Dollar gathers recovery momentum ahead of critical employment data
Here is what you need to know on Friday, November 6
NeutralFXStreet
WTI holds gains around $90.50 on Middle East supply risks despite steep weekly loss
West Texas Intermediate (WTI) oil price gains ground for the second consecutive day, trading around $90.60 per barrel during European hours on Friday. Crude oil prices advanced as ongoing Middle East conflict and…
NeutralFXStreet
New Zealand Dollar depreciates as US Dollar gains ahead of Nonfarm Payrolls
NZD/USD remains subdued for the second successive day, trading around 0.5560 during European hours on Friday. The pair is depreciating as the US Dollar (USD) gains support amid widespread market caution.
NeutralOilPrice.com
The Global Oil Glut Returns as High Prices Crush Demand
The global crude oil market is moving back towards oversupply, according to analysts from Goldman Sachs and JPMorgan, with demand destruction from high prices causing fears of a deficit to fade and concerns of a glut to…
NeutralThe Guardian
Employers to be forced to put salaries on job ads, Andy Burnham announces
Employers to be forced to put salaries on job ads, Andy Burnham announces. Workers’ rights campaigners say measure will help young people and women in particular achieve more equal pay.
NeutralCNBC
Elon Musk's Tesla and SpaceX lose over $420 billion in combined market cap after midterms
Elon Musk's Tesla and SpaceX lose over $420 billion in combined market cap after midterms
NeutralCointelegraph
American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI
The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.
OpenAI Promises to Foot AI’s Power Bill After Voter Revolt. Who Enforces It?
OpenAI wants to ease the backlash against AI campuses with promises on electricity, water and secrecy. Its new compact raises a tougher question: Who would make the company comply?
NeutralCNBC
AI meltdown: Nvidia and Qualcomm drop more than 9%, pushing Nasdaq to worst day since April 2025
Companies tied to the AI buildout are all selling off as concerns mount about a slowdown following the midterm elections.
NeutralOilPrice.com
ConocoPhillips Doubles Profit to $4 Billion, Raises Dividend
ConocoPhillips more than doubled its third-quarter profit to $4 billion and raised its quarterly dividend by 11% on Thursday, joining a growing list of oil majors reporting enormous earnings gains as higher crude prices…
NeutralFederal Reserve
Federal Reserve Board announces termination of enforcement action with Allegiant United Holdings, LLC, Nano Financial Holdings, Inc., and Nano Banc
Federal Reserve Board announces termination of enforcement action with Allegiant United Holdings, LLC, Nano Financial Holdings, Inc., and Nano Banc
NeutralBBC News
Welsh aviation firm AerFin bought in £475m deal
The company, which was majority owned by a private equity firm, said it was beginning a "new chapter".
NeutralU.S. EIA
Global refinery inputs fell sharply in the second quarter of 2026 before modest recovery
Global crude oil refinery inputs fell by 4.8 million barrels per day (b/d) in the second quarter of 2026 (2Q26), or 6%, following the start of conflict in late February in the Middle East, according to data from Kpler.…
Sectors & Themes: 10 selected of 11
NeutralEuropean Central Bank
ECB publishes consolidated banking data for end-June 2026
ECB publishes consolidated banking data for end-June 2026
NeutralThe Guardian
UK house prices fall at steepest rate in more than three years
October drop of 0.6% leaves average price of property at £296,285, says Lloyds, as high mortgage rates hit market. UK house prices fell at the steepest rate in more than three years in October, marking the fourth…
NeutralCrypto Briefing
AI demand remains strong despite sector volatility: ING’s Treon
Despite sector volatility, robust AI demand suggests sustained investment and growth potential, influencing positive market perceptions and valuations.
NeutralThe Block
IREN’s bitcoin mining revenue drops 58% as firm plans full exit by year-end
IREN has been shifting its focus to the AI infrastructure business, and its AI cloud revenue rose 182% in the past quarter to $200 million.
Core Scientific to quit Bitcoin mining by year-end as AI business surges
The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.
Asian crypto exchanges batten down the hatches as hacks surge: Asia Express
Asian crypto exchanges are scrambling to tighten security on fears of a wave of potentially AI-assisted hacks, even as regional governments embrace tokenization and stablecoins.
NeutralCNBC
Top Democrats call to rein in AI buildout after midterms sweep: 'National data center moratorium now'
Democratic winners and progressive lawmakers are calling for tougher limits on AI and data centers after the 2026 midterm elections.
NeutralCointelegraph
Fed, OCC check US banks after Binance hack as experts flag security risks
US regulators reportedly contacted banks following last week’s $6.3 billion Binance security hack, while experts raised concerns about transaction security and crypto risks.
NeutralBitcoin Magazine
Bull Bitcoin Becomes First Exchange to Add Payjoin Privacy Deposits, Withdrawals, and Payjoin-by-Default Trading
Bull Bitcoin is the first Bitcoin exchange to offer Payjoin privacy as a deposit and withdrawal option. Every on-chain buy or sell via BULL Wallet is now a Payjoin by default, automating UTXO aggregation for users while…
The market is telling the hyperscalers it's happy about a slower data center buildout
Perhaps the clearest takeaway from Tuesday's US midterms is that data centers are unpopular. After a short-lived construction boom, they provide little ongoing employment and drive up local energy costs. There were 41…
Analysts & Research: 10 selected of 29
NeutralCointelegraph
Zcash NU7 upgrade goes live, leaves 12,224 ZEC stranded in Sprout pool
Zcash NU7 upgrade goes live, leaves 12,224 ZEC stranded in Sprout pool. Zcash’s NU7 upgrade has rendered about $15 million in legacy Sprout funds unspendable, although a future network upgrade could potentially restore access.
NeutralFXStreet
Polish Zloty: Hawkish talk but weak PLN outlook – Commerzbank
Tatha Ghose at Commerzbank reports that NBP Governor Adam Glapinski presented a hawkish tone but effectively signalled no action until at least Q1, ruling out a December hike. New projections show inflation above target…
NeutralFXEmpire
Platinum and Palladium Price Forecast: Recovery at Risk Before US Jobs Data
Platinum and palladium await US jobs data, with platinum facing $1,550 resistance and palladium needing to clear $1,175 to extend the recovery.
NeutralFXStreet
Czech Koruna: Range seen holding against Euro – ING
ING strategist Frantisek Taborsky assesses EUR/CZK after the Czech National Bank’s dovish-leaning 4–3 split decision. He notes that rate differentials would point to a weaker koruna, but sees the recent rally in CZK…
A delayed reaction to the Democrat blue wave has seen some powerful selling of tech stocks. A little surprisingly, the reaction in FX markets has remained very muted. FX participants so far see this as an idiosyncratic…
NeutralFXStreet
Japanese Yen: Bullish bias within 157.00–159.00 band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note a modest pickup in downside momentum in USD/JPY after a volatile session. They expect the pair to trade with a bearish intraday bias toward 157.20…
Indian Rupee: Higher inflation supports rate hike bets – DBS
DBS Group Research anticipates India’s headline inflation to rise in October on higher food costs and base effects, with core inflation also quickening. Non-food components may get some relief from softer precious…
NeutralThe Block
Zcash’s major network upgrade NU7 goes live on mainnet, cutting block time by threefold
NU7 also activates the Network Sustainability Mechanism, which removes 60% of each block's transaction fees from circulation.
NeutralING THINK
Asia week ahead: Philippine GDP and key data on China, Taiwan, and Japan
ASIA/PACIFIC: Philippine GDP is the highlight of the week, alongside China’s inflation and trade data, Taiwan’s trade figures, and Japan’s household spending and price indicators
NeutralING THINK
German industry defies higher energy prices and low water levels – for now
EUROPE: Activity in the automotive and construction sectors experienced a post-holiday surge in September, adding to the resilience of German industry
Compiled by the Borearis Research Team from public news and market quotes, with AI-assisted summaries. For information only, not investment advice. Trading involves risk.
