Market rotation following US election results and pressure on semiconductor stocks
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View chart & analysis → - 1The KOSPI plummeted nearly 6% as concerns grew over data center regulations following Democratic control of Congress.
- 2Qualcomm shares fell 10% in pre-market trading after a weak outlook.
- 3The Bank of England raised interest rates by 25bps to 4%.
So what's the key point?
The stock market dropped significantly due to fears that the Democrats will regulate data centers after taking control of Congress. Qualcomm shares also fell 10% following news of a poor outlook.
Source MarketWatch +1 · View original ↗
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