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Kopsi, Taiwan, other Asian stocks tumble after US midterm elections signal Democratic victory. What’s the connection?

Source: ET Markets ·

Kopsi, Taiwan, other Asian stocks tumble after US midterm elections signal Democratic victory. What’s the connection?

South Korean and Taiwanese equities tumbled as a potential Democratic sweep in the US midterm elections fuelled concerns over tighter AI regulations and slower data centre investments. Chipmakers led the sell-off, dragging regional markets lower, while Asian currencies strengthened against a weaker dollar.

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