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A global selloff in AI-related stocks erased about $3.5 trillion (roughly 4,800 trillion won) from world stock markets in a single day, according to Kyunghyang Shinmun and Yonhap. The drop followed the U.S. midterm elections, in which Democrats took both chambers of Congress and local power, raising fears of tighter regulation on the AI industry. The selloff, which started in U.S. tech stocks, spread to Asian semiconductor markets in South Korea, Japan and Taiwan, Yonhap reports. Seoul shares fell over 3 percent on tech selling, Yonhap reported on Oct. 30, and Business Korea noted sharp declines across Asia's semiconductor belt on Nov. 6. Bitcoin also slid to the $75,000 range after briefly recovering above $80,000, as the tech rout weakened appetite for risk assets, Business Korea reported. Korean reaction has focused on the scale of the loss and whether the AI boom is ending, with Kyunghyang asking if the "AI fever" in global markets is over. By Nov. 7, however, AI stocks were bouncing back and trimming losses, Korea Times reported, though the market remained mixed.