Economy · 6 sources combined
4.8 quadrillion won vanishes overnight
US AI regulation concern shock
In short
Democrats won control of both chambers in the US midterm elections.
Global stock market capitalization shrank sharply in one day due to AI regulation concerns.
Korea's KOSPI also fell over 6% and dropped below the 5,000 line.
Key facts
| When | New York stock market crashed on November 5 (local time) and spread to Asian markets on the 6th. |
|---|---|
| Who | Democrats took control of both chambers, local government in the November 3 midterm elections. |
| What | Global stock market capitalization of 3.5 trillion dollars (approximately 4.8 quadrillion won) disappeared in one day. |
| How | NASDAQ fell 5.52%, KOSPI fell 6.02%, closing KOSPI at 5,059.69. |
What it means for me
Stock investors should monitor volatility in AI and semiconductor-related stocks for some time.
If your retirement pension includes overseas stock products, it is worth checking changes in return rates.
If your pension savings include semiconductor and AI-related assets, it is worth confirming the changing situation.
