Nasdaq posts worst session in 18 months as AI spending doubts hit tech stocks
Wall Street experienced a sharp sell-off led by technology shares, which fell heavily amid mounting worries over spending on artificial intelligence. Investors revisited popular AI-linked positions after midterm election results hinted at possibly stricter oversight of the industry. The Nasdaq slid more than 5%, its steepest drop in 18 months, pushing it into correction territory. The downturn carried over into Asian trading, with Japan's Nikkei and South Korea's Kospi also declining.
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