South Korea Financial Markets
The screens showing the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. dollar and South Korean won and the Korea Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Thursday, Nov. 5, 2026.
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World shares are mostly higher though heavy selling of artificial intelligence-related stocks offset gains for some markets following the U.S. midterm elections. South Korea's Kospi sank 5.3% and the Nikkei 225 in Tokyo lost nearly 2% on Thursday. Oil prices fell and U.S. futures were mixed after the Dow industrials jumped more than 3% on Wednesday after the Republican Party lost control of the U.S. Congress in the midterm elections. The S&P 500 picked up 1.6% and the Nasdaq composite rose 1.4%. U.S. stocks usually climb following midterms regardless of who wins. But technology shares have taken a hit as investors mull the potential impact on the AI boom from a Congress led by Democratic Party lawmakers.
