Global Tech Selloff Deepens on AI Spending Fears, Election Uncertainty

Global equities, led by technology shares, fell sharply as investors grew concerned over elevated AI capital expenditure, rising corporate debt in the sector, and potential regulatory tightening after the U.S. midterm elections. The selloff reflects a repricing of AI-related growth expectations amid political uncertainty. The magnitude of the decline and its persistence remain uncertain, but the move signals a shift in risk appetite.

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