Why Asian AI stocks tumbled after US midterm results as Kospi plunged over 5%; key reasons explained
South Korea’s Kospi, which has swung between waves of buying and selling amid the artificial intelligence (AI) frenzy, crashed on Thursday, November 5, tumbling 5.3% to settle at 5,383.80.
The sharp selling triggered a temporary suspension of program trading on the main exchange, while the tech-heavy Kosdaq also activated a sell-side sidecar around noon as the index dropped below the 700 mark.
