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Blue Tsunami Selloff Wipes Trillions From Korean Markets

A 'Blue Tsunami'—the Democratic Party's sweep of the 2026 U.S. midterm elections—has triggered a historic global selloff, with Korean markets hit hard. On Nov. 5, the KOSPI plunged more than 5% on fears of tighter AI and big tech regulation, and on Nov. 6 it fell over 6%, barely holding above 5,000 after briefly breaking the level for the first time in nine months. The value of U.S. stocks held by Korean individual investors fell an estimated 13 trillion won in a single day, and Bitcoin slid to the $75,000 range. Korean retail investors, who had piled into stocks on 'AI rosy outlooks' pushed by politicians and brokerages, are voicing anger; one major bank executive said 'the whole nation is losing wealth through stocks.' Ruling Democratic Party Chair Kim Min-seok addressed the plunge, saying he takes the public's concerns seriously and calling for steps to stabilize the market.

  1. [Closing Market] KOSPI Plunges Below 5,400 on Blue Wave Fears Business Korea · 2026-11-05
  2. Korean Investors’ U.S. Stock Holdings Shed Estimated 13 Trillion Won as Tech Shares Tumble Business Korea · 2026-11-06
  3. Bitcoin Slides to $75,000 as U.S. Tech Selloff Hits Risk Assets Business Korea · 2026-11-06
  4. [Opening Market] KOSPI Plunges Below 5,000 As Foreign Selling Intensifies Business Korea · 2026-11-06
  5. KOSPI, KOSDAQ Tumble More than 5% amid ‘Blue Wave’ in US KBS World · 2026-11-05
  6. Ruling Party Chair Addresses KOSPI Plunge, Calls for Steps to Stabilize Market KBS World · 2026-11-06
  7. ‘블루 쓰나미’에 무너진 나스닥… 하루새 시총 3355조원, 사상 최대 증발 조선일보 · 2026-11-06
  8. KOSPI Plunges More than 6%, Barely Holds above 5,000 KBS World · 2026-11-06

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