South Korea’s KOSPI Opens Thursday Down 1.82% as Chip Stocks Fall

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The KOSPI index opened 1.8% lower on the 5th. The resolution of election uncertainty following the Democratic Party's takeover of Congress in the previous day's U.S. midterm elections acted as a positive factor for the New York stock market. However, investor sentiment in the domestic market appears dampened due to concerns over tightening regulations on artificial intelligence (AI) data centers and the impact of net selling by foreign investors…

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The KOSPI opened lower on the 5th as expectations spread that the construction of new artificial intelligence (AI) data centers would be stalled following the Democratic Party's landslide victory in the U.S. midterm elections. The index opened at 5,580.09, down 103.71 points (1.82%) from the previous trading day, breaking below the 5,600 mark. It is subsequently widening its losses to the 2% range. Samsung Electronics started with a decline in t…