AEX at 1,124 Points, Down 1.08% at European Midday

The AEX was lower in European midday trading on Thursday, November 5, 2026. The Dutch benchmark stood at 1,124.00 points at 13:07 CET, according to ad-hoc-news.de. Based on the Wednesday close of 1,136.29 points, the index was down 12.29 points, or 1.08%.

AI Concerns Weigh on Technology Shares

The midday report identified concerns about artificial-intelligence valuations as one factor keeping European investors cautious. That pressure was particularly relevant for the Dutch market because technology and semiconductor companies are important components of the AEX. The index level therefore remained below the previous session's close despite the broader relief seen in global equities after the US midterm elections.

Election Result Meets Geopolitical Risk

Geopolitical risks and uncertainty about the economic and policy consequences of the US midterm result added to the cautious tone, according to the same report. The election outcome had supported a strong rally on Wall Street on Wednesday, but investors were still assessing whether a change in the balance of power in Washington would alter policy expectations for technology investment and international trade.

Asia provided a mixed backdrop for the European session. Technology shares in parts of the region came under pressure as investors considered the possibility of tighter oversight of artificial-intelligence development and data-center construction, while the election result also encouraged hopes of lower geopolitical tensions. Those cross-currents left European markets without a uniform technology-led follow-through.

Wednesday Rally Sets Comparison Base

The AEX had closed Wednesday at 1,136.29 points, gaining 1.30% on the session, according to The Edge. The report said European shares rallied after Democrats won control of the US Congress, while sharply lower oil prices and sector rotation shaped the advance. Banks led the European sector performance, whereas oil and gas shares declined.

At the reported midday level, the AEX had given back part of that previous-session gain. The move describes the index's position during the ongoing Amsterdam session and is not a closing result. Further changes depended on developments in technology shares, oil prices, geopolitical expectations and the subsequent direction of US markets. More AEX coverage is available on the AEX topic page.