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European Morning Brief · Friday 6 November 2026

The Trade Academy Team

Nov 6

1 min read

An AI rout wipes trillions off Wall Street — Tokyo and Seoul fall 6% and the US jobs report lands today
The post-midterm rally lasted a single day. On Thursday the Nasdaq fell 5.52%, its biggest daily drop in 19 months, and entered correction territory, while the S&P 500 lost 4.36% and the Dow 1,833 points, as fears that the new Democratic Congress will tighten AI regulation compounded worries about AI spending; Nvidia fell 9%, and the VIX jumped 70% to 28.18. The rout swept through Asia this morning, with Tokyo down 5.96%, Seoul 6.02% and Taipei 4.47%. The Bank of England raised rates to 4%, its first increase in more than three years. Brent is back near $99 after tanker attacks, and US futures are rebounding ahead of the October jobs report. — An AI rout wipes trillions off Wall Street — Tokyo and Seoul fall 6%

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