Philadelphia Semiconductor Index widens losses to about 5%; Marvell Technology (MRVL.O) down >9%, Micron Technology (MU.O) down >6%, Intel (INTC.O) down >5%, NVIDIA (NVDA.O) and Broadcom (AVGO.O) down >2%.

Wuhan Lotus Automobile Sales Co., Ltd. filed a recall plan with SAMR (recall S2026M0121V) to immediately recall 33 imported Lotus Elise 220 cars produced between June 10, 2014 and December 13, 2015. Defect: incomplete resin molding reduced low‑pressure fuel‑pump impeller density; the impeller can swell when exposed to fuel, interfere with the pump housing, cause low‑pressure pump failure and, in extreme cases, engine stall while driving. Remedy: the company will replace affected vehicles’ low‑pressure fuel pumps free of charge with an improved unit.

UK Prime Minister Burnham said the Democrats' decisive victory in the US midterms "presents the world with an opportunity" to focus on ending the war with Iran and on easing cost-of-living pressures, adding he believes this is the message US voters sent.