South Korea stocks plunge as US midterm results spark AI selloff
Samsung Electronics and SK hynix led the rout as authorities prepared steps to curb volatility after foreign investors sold 9.3 trillion won.
- South Korea's benchmark Korea Composite Stock Price Index closed down 6.02% on Friday, November 6, 2026, as a massive sell-off engulfed semiconductor giants Samsung Electronics and SK hynix.
- The Democratic Party's sweep in the U.S. midterm elections on November 3 triggered investor fears that stricter AI data center regulations could slow chip demand, sparking panic selling across the sector.
- SK hynix shares plunged 9.46 percent to 1.26 million won, while Samsung Electronics tumbled 7.57 percent to 201,500 won, triggering a 20-minute trading halt via circuit breakers.
- Finance Minister Lee Hyoung-il announced authorities will draw up measures to curb excessive volatility, including waiving collateral requirements for brokerages for three months starting Monday.
- BMI, a unit of Fitch Solutions, warned that regulatory friction surrounding AI infrastructure will intensify at the subnational level through 2028, with roughly 53% of hyperscaler pipeline growth concentrated in newly flipped governor states.
60 Articles
60 Articles
Hong Kong, China. The actions of the technological giants plummeted on Asian stock markets this Friday, as happened on the eve of Wall Street, New York, in view of the prospect of greater regulation of artificial intelligence (IA) with the triumph of the Democrats in the US elections.The main victims were the companies of the semiconductor and microchip industry, indispensable for the data centers where the AI models are trained and developed.In…
AI News Digest — November 6, 2026
📉 Asias AI hangover: circuit breaker in Seoul, record point drop in TaipeiThe AI-chip rout that hit Wall Street midweek went into full gear in Asia on Friday: per Nikkei Asia, Taiwans Taiex saw its steepest-ever intraday point drop and South Koreas KOSPI fell 8.7% at one point, prompting a circuit breaker by the Korea Exchange, with the Nikkei down 6.7%. Verify check: live daily candles (Yahoo Finance) show Friday closes of -4.5% for the Taiex …
Korea, Taiwan and Japan take first jolt from Democratic AI shock
SEOUL – The fallout from this week’s US midterms is already upending South Korea’s financial system. On Friday, the Kospi plunged more than 8% and fell below 5,000 for the first time since February. Investors clearly fear the Democratic sweep on November 3 will delay or halt data center construction in the US. Chip makers […]
The sharp decline in the US market is impacting investors' portfolios. Even though the Indian market is rising, most investors' portfolios are in the red. In one country, the decline was so severe that trading was halted for 20 minutes.
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