New York, 6 November 2026 – The S&P 500 fell 4.4% on 5 November as investors sold companies exposed to the artificial intelligence infrastructure boom. The US benchmark closed at 7,353.73, erasing the previous session’s rally. The Nasdaq Composite fell 5.5% and the Dow Jones Industrial Average lost 3.4%. The weakness reached Malaysia the following morning, when the FTSE Bursa Malaysia KLCI was down about 1% at 9.10am.
For Asian investors, the moves show how quickly a change in expectations for US technology investment can affect markets that have different domestic drivers. The sell-off is confirmed; a broad slowdown in data-centre construction is not. Investors were reassessing how long rapid infrastructure spending could continue as borrowing costs, electricity availability and local opposition complicate the economics of new projects.
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