Stocks recover and dollar dips after US elections
Global equities bounced back and the dollar weakened after Democrats secured control of both chambers of Congress in the US midterm elections. Investors weighed potential regulatory scrutiny on the AI sector alongside expectations of political gridlock.
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Global stocks recovered from overnight lows and the dollar dipped 1% on November 4 after Democrats won control of both the Senate and the House in the United States midterm elections. The surprise sweep has fuelled investor fears that rapid artificial intelligence sector growth could face intense regulatory scrutiny.
