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The U.S. midterm elections have rattled Korean markets and AI stocks. On Nov. 3, the KOSPI plunged 3.6% to 5,640 amid uncertainties over the elections and a drop in AI shares, Business Korea reports. Seoul shares opened sharply lower that day on AI infrastructure spending woes, Yonhap and Korea Times report. After Democrats regained control of both the Senate and the House, Korean stocks faced fresh policy uncertainty, Korea Times reports, though Seoul shares opened sharply higher on Nov. 4 on tech gains as investors awaited results. Democrats' gains, combined with public opposition to data centers and Big Tech financing demands, could slow AI spending and pressure Korean chipmakers, Korea Times reports.