South Korean equities turned lower after opening in positive territory as investors waited for the outcome of the U.S. midterm elections, according to data from MSX.COM. The move was accompanied by weakness in artificial intelligence-related shares, which gave back earlier gains as trading progressed. The benchmark KOSPI index fell as much as 2.7% during the session. Among major components, Samsung Electronics, a heavyweight in the index, dropped 3%, while SK Hynix declined 4.5%. The report points to election-related caution in broader risk sentiment, with the Korean market reversing course after an initially stronger open. No additional details were provided in the source beyond the market moves and the cited declines in the index and the two chipmakers.
South Korean stocks reversed course after opening higher as investors waited for the results of the U.S. midterm elections, according to MSX.COM data. Artificial intelligence-related shares also pulled back.
The KOSPI index fell as much as 2.7%. Index heavyweight Samsung Electronics dropped 3%, while SK Hynix fell 4.5%.
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