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2026-11-04 10:32:27
[South Korean Stocks Rise at Open, Then Fall; Democratic Control of Both Houses Could Increase AI Regulation Uncertainty] (1) As investors await the results of the US midterm elections, South Korean stocks rose at the open but then fell, with AI-related stocks declining. (2) The South Korean KOSPI index fell 2.7%; heavyweight stocks Samsung Electronics fell 3% and SK Hynix fell 4.5%. (3) Asian AI infrastructure companies are highly dependent on US-led AI investments. (4) iM Securities analyst Yang Hyun-kyung said in a report that if the Democratic Party controls both houses of Congress, calls for stronger AI regulation may increase, thus creating uncertainty for data center expansion schedules.
