South Korean Stocks Plunge as US Midterm Wins Raise AI Data Center Regulation Fears

Cointime reports: South Korea’s KOSPI fell 5.50% to 5,371.41 and KOSDAQ dropped 5.11% to 678.4 on Nov. 5, both triggering sell-side circuit breakers after Democratic midterm wins raised fears of tighter AI data center approvals. Samsung Electronics fell 7.8% and SK Hynix 9.81%, while power equipment makers Hyosung Heavy Industries, HD Hyundai Electric and Sanil Electric slid 10.10%, 7.53% and 12.84%.