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Global Markets Tumble as Tech Stocks Face Major Losses

11/7/2025

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Summary

Story summary

Global stock markets fell, tech-heavy indices posting largest weekly drop in seven months.
The Nasdaq fell 2.8%, while Japan's Nikkei and Korea's Kospi posted losses.
Investor caution rose over inflated AI stock valuations and Palantir's disappointing earnings.
Safe-haven assets, including bonds and the yen, gained ground.
The U.S. government shutdown halted official data, leaving traders relying on private surveys signaling rising layoffs and signals of further Federal Reserve rate cuts.

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Story summary

Global stock markets fell, tech-heavy indices posting largest weekly drop in seven months.
The Nasdaq fell 2.8%, while Japan's Nikkei and Korea's Kospi posted losses.
Investor caution rose over inflated AI stock valuations and Palantir's disappointing earnings.
Safe-haven assets, including bonds and the yen, gained ground.
The U.S. government shutdown halted official data, leaving traders relying on private surveys signaling rising layoffs and signals of further Federal Reserve rate cuts.