Overview
- U.S. markets plunged on Nov. 5 with the Dow sliding about $1,833 from its prior close and broad selling hitting blue-chip and tech names.
- U.S. media and market reports say Nasdaq-listed firms lost roughly $2.5 trillion in market value in a single day, marking an unprecedented one-day drop for the index.
- Major AI and semiconductor stocks fell sharply, with companies such as NVIDIA and Broadcom each down roughly 8–9 percent on election-driven regulatory worries.
- The shock passed to Asian markets the next trading day as Tokyo's Nikkei tumbled below the 60,000 mark and Taiwan's Taiex dropped about 3.2 percent, prompting the Taiwan Stock Exchange to issue a statement that the economy remains stable.
- The selling was driven by voters and candidates pressing to curb new data-center projects over power, water and local-impact concerns, a development that could delay AI infrastructure build-out and slow related corporate investment in the near term.