Ask what Korea is talking about.

The U.S. midterm 'blue wave'—a Democratic victory—triggered a historic plunge in Korean stocks on Nov. 5, with the KOSPI falling more than 5% and briefly breaking below 5,000 intraday, according to KBS World and Dong-A Ilbo. Business Korea reports the KOSPI closed below 5,400, while KOSDAQ also tumbled over 5%. The selloff extended into Asia on Nov. 6, with benchmark indices in South Korea, Japan, and elsewhere declining sharply on fears of reduced U.S. AI investment, as Business Korea notes. Korea Times adds that the blue wave is expected to cool memory chip prices and demand, casting doubt on Samsung Electronics and SK hynix sustaining their performance. Korean media frame this as a 'blue wave shock' driven by Democratic concerns over AI and big tech regulation, with Dong-A Ilbo warning of more frequent 'blue wave' episodes and escalating 'angry duck' (Trump) tariffs, citing Trump's threat of up to 300% tariffs on companies not building U.S. factories.