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US Democrats' sweeping midterm victory has triggered panic selling in Korean semiconductor stocks, with the KOSPI briefly falling below 5,000 during trading on Nov. 6, Dong-a Ilbo reports. The sell-off stems from Democratic candidates' pledges to halt new AI data center construction, raising fears that big tech AI infrastructure investment will be curbed and chip demand will shrink. The Nasdaq plunged 5.52% on Nov. 5, wiping out 3,400 trillion won in market value in a single day, and the shock dragged down Korean, Japanese, and Taiwanese markets, according to Dong-a Ilbo. Korea's finance minister said Friday that more market stabilization measures are in store to ease panic sell-offs, Yonhap reports. Korean media describe the Democratic sweep as a 'blue tsunami' that has hit AI-related stocks, with Chosun Ilbo noting that Democratic wins in governors' races in regions where AI data centers are concentrated could make regulatory pledges a reality. The Korea Times reports that AI stocks were bouncing back Friday, recovering some of the sell-off from the previous two days, though the rest of the U.S. market remained mixed.