StocksMedium•6 November 2026•
1 min read
FTSE 100 Drops 2% as Global AI Selloff Hits UK Markets
Key Facts
1The UK's FTSE 100 index fell by 2% following a global selloff triggered by concerns in the AI sector.
The UK's FTSE 100 index fell by 2% following a global selloff triggered by concerns in the technology and AI sectors. Reuters reported that the decline was driven by a broader market rout led by US tech stocks and emerging regulatory concerns regarding AI data centers following US midterm results.
The downturn follows the Bank of England's decision to raise interest rates to 4% on November 5, 2026. Additionally, data released on November 6, 2026, showed the House Price Index fell by 0.6% month-on-month, compounding broader market pressures as the global tech selloff reached European shores.