Global stocks were mostly higher on Thursday, although heavy selling in artificial intelligence-related stocks offset gains in some markets after the mid-term elections in the United States.
South Korea’s Kospi sank more than 5% and Tokyo’s Nikkei 225 lost almost 2%. Oil prices were mixed after the Dow Jones industrials jumped more than 3% on Wednesday after Republicans lost control of the US Congress.
In early European trading, Germany’s DAX rose 0.6% to 26,598.03, while the CAC 40 in Paris jumped 1.2% to 8,276.55. Britain’s FTSE 100 index gained 1% to 10,935.08.
The future of the S&P 500 was virtually unchanged, while that of the Dow Jones Industrial Average rose 0.4%. On Wednesday, the S&P 500 jumped 1.6%. The Dow jumped more than 1,500 points and the Nasdaq composite rose 1.4%.
U.S. stocks typically rise after midterm elections. But tech stocks have taken a hit as investors mull the potential impact on the AI boom of a Democratic-led Congress next year.
▶ Learn more
Gn usa
