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US midterm results roil markets, KOSPI plunges 3.6%
The US midterm elections delivered a historic defeat to President Donald Trump's Republican Party, with the Democrats seizing control of Congress, according to Korea Times reports. Trump said he would accept the results but sought to shift blame to fellow Republicans. Markets reacted sharply: US stocks surged Wednesday, with the Dow soaring more than 1,000 points, as Wall Street sorted winners from losers, Korea Times reports. In Korea, the KOSPI plunged 3.6% on Nov. 3, sliding to 5,640 amid AI and US election fears, Business Korea reports. Korean investors are watching the fallout closely, with the domestic market taking a shock from the election uncertainties.
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