FTSE 100 tumbles 2% as AI jitters spark global selloff
EWU•The FTSE 100 fell 2.2% to 10,540.78 points, putting it on track for its steepest daily fall in more than seven months. Concerns about AI regulation, data-centre construction and hyperscaler spending also weighed on global markets.
1. London shares fall
The FTSE 100 fell 2.2% to 10,540.78 points by 1143 GMT, on track for its worst session since mid-March. The FTSE 250 slipped 1.2%.
2. AI concerns weigh
Concerns about AI regulation, slower data-centre construction and hyperscalers tightening spending followed Democrats' capture of the US House and Senate earlier in the week. The S&P 500 and Nasdaq recorded their sharpest one-day falls since April 2025 on Thursday, while the STOXX 600 fell 1%. Most London sectors slid; precious metal miners rose 1.2%, while energy stocks fell 2.5% as oil prices slipped.
