Asian stocks crashed! The Nikkei plunged more than 4,000 points in early trading, and South Korean stocks triggered a circuit breaker
Quick Look
- U.S. stocks plummeted on Thursday, with the Dow Jones down 3.44%, the Nasdaq down 5.52%, and the S&P 500 down 4.36%.
- The disaster extended to Asia, with Taiwan stocks plummeting, the Nikkei index falling as much as 4,000 points in early trading, and South Korean stocks falling 8% during the session, triggering the circuit breaker mechanism.
- The market is worried that after the Democratic Party wins control of the U.S.
AI-generated summary
Why It Matters
U.S. stocks fell sharply on Thursday, with the Dow Jones Industrial Average falling 1,833.06 points or 3.44%, the Nasdaq Index falling 5.52%, the S&P 500 Index falling 4.36%, and the Philadelphia Semiconductor Index plummeting 12.25%. The disaster extended to Asian stock markets, with Taiwan stocks plummeting, the Nikkei index once plummeting 4,000 points in early trading, and South Korean stocks falling 8% during the session, triggering the circuit breaker mechanism. The market is worried that the Democratic Party will win control of the U.S. Congress, AI construction supervision will be stricter, data center construction will slow down, and the decline of technology stocks will expand.
Asian stocks tumbled. (European News Agency file photo)
First published:11/06 09:31
Update time:11/06 11:15
[Financial Channel/Comprehensive Report] U.S. stocks plummeted on Thursday, and the disaster extended to Asian stock markets. Not only did Taiwan stocks plummet, the Nikkei index once plummeted 4,000 points in early trading, and South Korean stocks fell 8% during the session, triggering the circuit breaker mechanism.
The Democratic Party won control of the U.S. Congress. The market is worried that regulations on AI construction will be stricter. Data center construction is slowing down. Technology stocks have expanded their losses. The Dow Jones Industrial Index fell 1833.06 points or 3.44%. The Nasdaq Index fell 5.52%, which is more than 10% lower than the record high set last month. The S&P 500 Index fell 4.36%, and the Philadelphia Semiconductor Index plummeted 12.25%.
The Japanese stock market opened lower. After opening at 60374.35, the index fell all the way, falling 4332.09 points to 56745.81 points. At the end of the morning session, the index fell 3219.29 points or 5.27% to 57858.61 points.
According to Japanese media reports, this is the first time this year that the Nikkei Index has fallen below 60,000 points during the trading session. Analysts said that the market is worried that the Democratic Party's overwhelming victory in the U.S. midterm elections will curb investment in artificial intelligence (AI) infrastructure, causing selling pressure on artificial intelligence and semiconductor-related stocks in the Tokyo stock market.
In terms of Korean stocks, Korean media pointed out that the market is worried that after the US Democratic Party takes control of the House and Senate, it may tighten the supervision of artificial intelligence (AI) data centers and delay the construction of data centers, causing investor doubts and dragging down the performance of global stock markets.
The South Korea Composite Stock Price Index (KOSPI) opened lower today (6th), plunging more than 8% intraday, falling below the 5,000-point mark, and triggered the first-stage circuit breaker mechanism, suspending trading for 20 minutes.
As of 11:12 a.m. Taipei time, the index converged slightly, but still fell 4.01% or 215.91 points to 5167.89 points, returning to the 5000-point mark.
What to Watch
AI outlook — possibilities, not facts
Asian stock markets will continue to be under pressure from falling U.S. stocks and uncertainty about AI regulation in the short term, and fluctuations in technology and semiconductor stocks may continue.
Likely · Within days
Open Questions
- After the Democratic Party takes control of Congress, what specific AI regulatory policies will be introduced?
- What was the final closing point and decline of the Taiwan stock market that day?
- How did the Nikkei Index and Korean stocks perform at the close?
