
Stock markets in the Asia-Pacific area recorded sharp declines, led by Seoul and Tokyo, influenced by the decline on Wall Street and fears related to the US elections and their effects on investments in AI.
AI-generated summary
Asian markets react negatively to Wall Street performances and US political uncertainties.
Stock markets in Asia and the Pacific area all fell in the wake of the slide on Wall Street and fears related to the results of the US elections, which among other things could slow down investments in data centers dedicated to artificial intelligence.
The heaviest markets are Seoul, which lost 6% net, and Tokyo, which fell by 5.9%. Chinese stock markets were also negative, with Shenzhen losing 2.2% and Shanghai 1.1%. Hong Kong fell by 1.2%, while Sydney limited the decline to half a percentage point.
Futures on the start of European stock markets are negative, while those on Wall Street are still uncertain.

The success of the Democrats in the US midterm elections puts the expansion of data centers in Texas, Georgia and Ohio at risk. Investors fear tighter regulation, impacting AI-related stocks.

Seven of the ten large programs declared of national strategic interest with the Asset decree concern data centers, for a total estimated value of 26.9 billion. Operators include Amazon Web Services, Microsoft, OpenAI, Equinix, Vantage and EdgeConneX. According to Terna, as of August 31, grid connection requests for new data centers exceeded 100 gigawatts, almost half in Lombardy.

Spot gold fell 0.97% to $4,048.3100 an ounce, while Comex gold for December delivery fell 1.36% to $4,057.60 an ounce.

The Tokyo stock market closes sharply lower: the Nikeki loses 5.96% to 57,434.77 points, falling below 60,000 for the first time in about five and a half months, after the electoral victory of the Democrats in the United States fueled fears of a tightening of AI regulation, dragging technology stocks to Wall Street. The yen strengthens against the dollar at 157.80 and against the euro at 176.70.

The Tokyo stock market collapsed more than 5% at the opening, with the Nikkei at 56,930 points, in the wake of Wall Street and due to fears that the US elections could slow down investments in data centers for artificial intelligence. The yen strengthens to 157.50 against the dollar and 176.90 against the euro.

The Central Bank of Paraguay has started the payment of guarantees to depositors of Ueno Bank under resolution. The first phase concerns account holders with deposits of up to 10 million guaraní, without debt and with an account at another institution. Notifications began on November 5th and accreditations within 24 hours.