Hong Kong’s Hang Seng Index surges after the U.S. midterm election results, rising against the global market. What lies ahead in the chaotic U.S.-China AI race for supremacy as tighter U.S. AI regulation is rumored

The story

Global equity markets have been exposed to significant volatility following the results of the U.S. midterm elections. The NASDAQ Composite fell 5.5% on a closing-price basis over five days and remains 9.2% below its 6 October high.

By contrast, Hong Kong’s Hang Seng Index showed a different trend. It rose for five consecutive trading days from the starting point of 29 October through 4 November, then moved sideways, closing on the 10th at a level 7% above the starting point.

As expectations of tighter regulation of AI investment in the United States spread, Naoki Tashiro (田代尚機), a Chinese equities analyst, wrote in a report that the issue would affect the future U.S.-China race for AI supremacy.

At a glance

Market trendsGlobal stocks have become more volatile since the U.S. midterm elections

Market moveNASDAQ fell 5.5% over five days and is down 9.2% from its 6 October high

Regulatory concernsExpectations of tighter U.S. AI regulation are becoming a market focus

Hang SengClosing 7% above the starting point

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What it links to

Market risk due to fluctuations in interest rates, foreign exchange rates and stock pricesRelated1 companies

8354-0.0%

Fukuoka Financial Group,Inc.Market risk due to fluctuations in interest rates, foreign exchange rates and stock prices

¥7,193

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