KOSPI
The KOSPI experienced heightened volatility, retreating toward the low-5,000s under heavy foreign net selling in mega-cap leaders, notably top semiconductor names.
Headline
Domestic and Global Equities Plunge Further Amid AI Tech Regulatory Concerns
Key Takeaways
- Tech-led sell-offs broadened following the U.S. midterm elections on rising concerns over tightened regulations on AI data centers.
- Following a 5.52% plunge in the Nasdaq, the KOSPI (-6.02%) and KOSDAQ (-5.03%) both recorded sharp corrections.
- While the USD/KRW stabilized slightly at 1,356.40, sustained foreign selling pressure concentrated in mega-cap semiconductor names weighed heavily on the indices.
KOSDAQ
The KOSDAQ fell toward the 640 level, testing near-term support as risk-off sentiment converged with profit-taking in growth stocks.
NASDAQ
The Nasdaq slumped to around the 24,300 mark, driven by a sharp drop in the Philadelphia Semiconductor Index and growing anxiety over potential delays in AI capital expenditures.
Today's Watchlist
- Shifts in interest rate paths and policy-easing expectations following the release of the U.S. October nonfarm payrolls report.
- Potential emergence of oversold conditions in the semiconductor sector depending on policy clarity around AI data center regulations.
- Bargain-hunting inflows and potential turnaround in foreign futures net positioning following the activation of domestic market sell sidecars.
Risk Note
Speculation surrounding AI regulations and capex slowdowns still involves unconfirmed policy uncertainties, which may fuel further volatility even during technical rebounds.
Last updated: 2026-11-06 16:00:25