India, Nov. 6 -- The sweeping Democratic victory in the United States midterm elections has triggered a major sell-off in global technology stocks, wiping out trillions of dollars in market value.

The US and Asia stock market rout comes amid investor fears that the party's growing political influence could lead to tighter scrutiny of artificial intelligence (AI) development and slow down the expansion of data centers.

On Thursday, the Wall Street reportedly witnessed its steepest decline since April 2025, with the tech-heavy Nasdaq Composite plunging 5.5 per cent. The S&P 500 Index plunged 4.4 per cent, while Nasdaq 100 slid 6.4 per cent. The rout spread to spread to Asian markets on Friday, further affecting chipmakers in Japan, South ...