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Blue Tsunami Hits KOSPI... Plunges Below 5,000 Intraday

Jung Jun-ho

Published : Nov 6, 2026 8:00 PM

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The KOSPI faced a Black Friday as it plunged 8% right after the opening bell, triggering a circuit breaker and temporarily falling below the 5,000 mark. The shock from the Nasdaq plummeting over 5.5% overnight spilled directly into the domestic stock market. The U.S. midterm elections are pointed to as the trigger for the crash. As the Democratic Party swept both the Senate and the House of Representatives, market concerns mounted that regulations on AI data centers could be tightened. This was compounded by global hedge funds selling off AI-related stocks and reports of data center loan-backed credit auctions. Is the AI investment boom coming to an end? Can the KOSPI bounce back?

※ Full details are available in the video.