South Korean stock market triggers 'double circuit breakers' as aftershocks from US midterm elections continue to roil global markets.
56 minutes ago
Driven by concerns over tightened regulations on AI data centers stemming from the U.S. midterm election results, South Korea’s stock market plummeted on November 5, with both the KOSPI and KOSDAQ indices triggering market stabilization mechanisms the same day. Semiconductor and AI infrastructure-related stocks suffered heavy losses. As of 14:25 Beijing time, the KOSPI fell 5.5% to 5,371.41 points, while the KOSDAQ dropped 5.11% to 678.4 points. Samsung Electronics saw a temporary 7.8% decline, SK Hynix fell 9.81%, and power equipment firms Hyosung Heavy Industries, HD Hyundai Electric, and Samil Electric dropped 10.1%, 7.53%, and 12.84% respectively. Market concerns center on the Democratic Party’s landslide victory in the U.S. midterm elections, which may lead to stricter regulations on data center approvals, grid access, and power costs. This could cause delays in some AI data center projects, further impacting capital expenditure plans of hyperscale cloud providers and lowering demand expectations for storage chips including HBM and DRAM. Some analysts point out that delays in data center construction may push back the realization of cloud revenues for large tech companies and increase financing pressure for highly leveraged AI infrastructure firms. However, some hold that even with Democratic control of Congress, it will be difficult to easily alter the overall direction of U.S. AI investment, so the actual impact may be limited.
US pre-market trading sees broad declines in storage, computing power cloud, and optical communication sectors, while the biotech sector posts broad gains.
1 seconds ago
The 2028 U.S. presidential election is heating up early, with JD Vance reflecting on the Iran War and several Democratic governors in the spotlight.
1 seconds ago
After 16 Months, Baidu Unveils Large Language Model Assets Again: 280-Billion-Parameter Wenxin 5.5 Flash Open-Sourced
1 seconds ago
Bybit’s WSOT 2026 Spot Trading Volume Leaderboard Event Launches Today, With Up to 400 Traders Eligible to Split a Prize Pool of Up to 1 Million USDT.
1 seconds ago
Bitget's IPO Prime third-phase project Anthropic has opened VIP round subscriptions, with a historical reference allocation rate of 40% to 80%.
1 seconds ago
On-chain data tracking platform TradingBeats has rolled out a new version, redefining the reading experience of on-chain transaction information through a news feed format.
1 seconds ago
Hot feeds
A trader profits $448K by monitoring #Binance's new listings!
2024.12.13 17:37:29
Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.
2024.12.16 14:48:36
A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.
2024.12.14 10:35:27
When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.
2026.01.31 18:37:29
A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.
2025.01.05 16:05:18
NFT project Ptah has launched, with its trading volume exceeding $900,000 in just half a day; its minting mechanism mandates the use of a Binance Agent ID.
2026.10.23 10:16:30
MoreHot Articles

How did I turn $1,000 into $30,000 with smart money?
2024.12.09

10 promising AI Agent cryptos
2024.12.05

The 30-Year-Old Entrepreneur Behind Virtual, a Multi-Million Dollar AI Agent Society
2025.01.22

10 smart traders specializing in MEMEcoin trading on Solana
2024.12.09

A trader lost $73.9K trading memecoins in just 3 minutes — a lesson for us all!
2024.12.13

What is $SPORE? Let us take you through the on-chain records to show you how it works.
2024.12.25

