While Europe turned downward on Thursday in the face of fears observed on technological stocks in the United States, the trend continued on Friday after the tumble also observed on the Asian stock markets. The Democratic Party emerged as the clear winner of Tuesday's mid-term elections, inflicting a severe snub on Republican President Donald Trump. The greater than expected comeback of the Democrats in the US Congress is forcing investors to review their political perspectives and cautiously sell their volatile stocks such as technology and artificial intelligence (AI).
European markets in decline, American policy weighs down tech and AI
The main European stock markets fell sharply at the opening on Friday, with uncertainty over American politics after the mid-term elections pushing investors to sell volatile stocks, mainly in tech and AI.
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