Stock markets, Milan and other European markets close lower. Wall Street rises after yesterday's collapse

Session in the red for the European stock markets: after opening lower, affected by the collapse marked by Wall Street on Thursday, at the end of the day they reduced their losses in the wake of the positive trend of the American stock markets but still closed in negative. This morning a negative start for Piazza Affari (the first Ftse Mib index fell by 1.68%), as well as for all the stock markets of the Old Continent. Halfway through the session, the atmosphere is still very nervous and all signs are negative. At the end of the day, thanks to the upward trend on Wall Street, the European stock markets closed in the red but reduced their losses: Frankfurt recorded the worst result and ended down 1.92%, London lost 1.01%, Paris 0.81%. Piazza Affari also closed lower: the Ftse Mib index lost 0.90%, however remaining on the threshold of 50,000 points, at 50,052. Thursday's collapse on Wall Street weighed on Europe, in which 3,200 billion dollars in value were burned (of which 2,500 on the Nasdaq alone for artificial intelligence). What triggered the crash was the victory of the Democrats in the midterm elections in the US, with the consequent flight from AI-related stocks. Today in New York a mixed opening: Nasdaq +1.23%, S&P 500 +0.28%, Dow Jones -1.01%. Then, during the session, Wall Street is trying to put Black Thursday behind it: the Dow Jones rises by 0.20% to 51,637.08 points, the Nasdaq advances by 1.74% to 24,740.30 points while the S&P 500 makes progress by 1.02% to 7,428.66 points.

What happened on Wall Street

What brought down Wall Street was the violent current of selling on hi-tech stocks. The victory of the Democrats in the American mid-term vote has triggered a flight from stocks linked to artificial intelligence, for which a tightening of the rules is expected, and sank the American stock markets which yesterday faced a black Thursday. Yesterday, the Dow Jones closed down 3.44%, the Nasdaq fell 5.52% while the S&P 500 fell 4.35%. And the negative trend on Wall Street had already weighed down the European stock markets yesterday.

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Asian markets are also bad, Tokyo and Seoul collapse

Asian markets are also feeling the consequences of the American collapse. The Tokyo Stock Exchange sank at the opening, losing more than 4%, and then worsened further with the reference Nikkei list which recorded a decline of 5.96%. But the heaviest list today is that of Seoul, which lost 6%. 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.