StocksMedium•6 November 2026•
1 min read
Nasdaq Records Worst Daily Performance in 19 Months Amid AI Stock Meltdown
Key Facts
1The Nasdaq recorded its worst daily performance in 19 months amid a broad sell-off in chip and AI stocks.
2The sell-off spread to Asian markets, triggering a circuit breaker on the South Korean Kospi index.
The Nasdaq recorded its worst daily performance in 19 months following a broad sell-off in semiconductor and artificial intelligence stocks. The contagion spread to Asian markets, where a circuit breaker was triggered on the South Korean Kospi index due to the intensity of the decline.
This global rout followed market reactions to the US midterm election results held on November 3, 2026, and concerns regarding potential AI infrastructure policy changes. Tech-heavy indices faced additional pressure following mixed US economic data, including a 2.3% rise in Durable Goods Orders and JOLTs job openings reaching 7.523 million, both reported on November 3, 2026.