Stock markets, Milan and other European markets are in sharp decline after the collapse of Wall Street

What triggered the crash in the US was the victory of the Democrats in the midterm elections, with the consequent flight from stocks linked to artificial intelligence. This morning is off to a negative start for Piazza Affari. But all the stock markets of the Old Continent are doing badly

European stock markets are in the red after yesterday's collapse on Wall Street in which 3,200 billion dollars of value was lost. What triggered the crash was the victory of the Democrats in the midterm elections in the US, with the consequent flight from stocks linked to artificial intelligence. 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. The worst are London and Frankfurt which lost two percentage 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. The Dow Jones closed down 3.44%, the Nasdaq fell 5.52% while the S&P 50o fell 4.35%. And the negative trend on Wall Street had already weighed down the European stock markets yesterday.

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.