The US stock market has recorded its biggest decline in the past 18 months. Following this heavy loss on Thursday, the market value of US markets decreased by 2.5 trillion dollars, which is approximately 236 lakh crore rupees, in a single day.

Major indices and sector impact

During trading, the Nasdaq fell by 5.5 percent, while the Dow Jones declined by 3.4 percent and the S&P 500 index dropped by up to 4.3 percent. Additionally, the market's fear index VIX surged by 61 percent, and Nvidia's shares fell by nearly 10 percent.

The impact of this massive fall was also visible on Asian markets. Japan's Nikkei index slipped by up to 6 percent, and South Korea's Kospi index crashed by more than 8 percent.

Reactions and political attribution

US President Donald Trump has blamed the midterm elections and the Democrats for the decline in the stock market. Meanwhile, heavy selling was observed amid discussions of strict regulations regarding the AI sector in the market.