Global tech stocks wobble over AI regulation fears after midterms | First Thing

Coverage summary

Anticipation that Democrats’ ‘blue wave’ will lead to tighter rules on AI and datacenters sends tech stock plunging. Plus a big eight-legged surprise for customs officials in Peru Don’t already get First Thing in your inbox? Sign up here Good morning. Stock markets around the world have fallen sharply as a rout in US tech stocks spread across the Atlantic after the Democrats’ midterms victory led to fears of a slowdown in the AI industry. A sell-off on Wall Street on Thursday was followed by sharp falls in Asian stock markets on Friday morning. The dip in investor sentiment has also reached London. Susannah Streeter, the chief investment stra

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