South Korean stocks plunge after Democratic Party's "landslide" victory; SK Hynix drops over 10%.

BlockBeats news, November 5th - According to data from the Bitget stock platform, South Korean stocks broadly declined during intraday trading. As of approximately 10:16 Korean time, the KOSPI index stood at about 5,420 points, down nearly 4.6%; the KOSDAQ stood at about 686 points, down over 4%, with both falling below the 5,500 and 700 point thresholds.

Semiconductor leaders led the decline: Samsung Electronics fell over 8%, SK Hynix dropped more than 10%, and Samsung Electro-Mechanics declined nearly 12%; non-AI related stocks such as automakers were relatively resilient, with Hyundai Motor rising about 1%. On the Korean Exchange spot market, foreign investors recorded cumulative net selling of approximately 947.7 billion Korean won on the day, with retail and institutional investors absorbing the selling.