European and Asian stock markets fell on Friday after a sell-off in US technology shares, according to RTE.ie. The decline followed a rout tied to artificial intelligence stocks that shook US markets.
Asian chipmakers took a heavy hit as the Nasdaq sold off, CNBC reported. SK Hynix, Samsung, Softbank and TSMC all tumbled, according to CNBC's coverage. The Financial Times linked the global market slump to the Democratic sweep in the 2026 US midterms, describing an AI rout that spread across markets. The Guardian reported that AI panic gripped investors as global stocks fell.
The reports also noted that the US economy added 165,000 jobs in October, according to The Guardian's business live coverage. The Irish Examiner reported a global market decline following the US tech stock sell-off.
The scale of the losses beyond the chip sector was not detailed in the available reporting, and no specific index levels or percentage moves were given. The accounts from RTE.ie, CNBC, the Financial Times, the Irish Examiner and The Guardian agree on the broad picture: a US technology-led sell-off that carried into European and Asian trading.
Investors will be watching whether the pressure on AI-linked and semiconductor stocks continues into the next US session, and whether the political outcome of the midterms keeps weighing on sentiment.
