Stock markets, Milan and Europe in red. Wall Street closes mixed after Thursday's collapse

Session in the red for the European stock markets: after opening with a decline 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 - with Wall Street which then closed on a swing - but still ended the session in negative. This morning the Piazza Affari starts in the red (the first Ftse Mib index recorded a decline of 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 tried to put Black Thursday behind it and turned positive. In the evening. then, it closed in swings: the Dow Jones lost 0.46% to 51,286.27 points, the Nasdaq rose by 1.09% to 24,579.43 points, the S&P 500 advanced by 0.32% to 7,376.92 points.

What happened on Wall Street

The violent sell-off in hi-tech stocks brought down Wall Street on Thursday. 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.

In-depth analysis

Midterms, Big tech and the race for AI: what can change with a dem victory

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.