EL7.AI
StocksMedium•5 November 2026•
1 min read

Asian Chip Stocks Slump on Fears of Stricter US Oversight of AI Spending

Key Facts

1South Korea's KOSPI index dropped 2.73% as foreign institutions sold off semiconductor giants.
2Kioxia shares fell 8.37%, while SoftBank and SK Hynix dropped more than 6%.
3Markets fear Democratic control of Congress could lead to stricter environmental reviews and reduced AI capital expenditures.

South Korea's KOSPI index dropped 2.73% as foreign institutions sold off semiconductor giants. TradingKey reported that Kioxia shares fell 8.37%, while SoftBank and SK Hynix both dropped more than 6% amid a divergence in Asian market performance.

Markets fear that Democratic control of the US Congress could lead to stricter environmental reviews and reduced AI capital expenditures by major tech firms. Regarding closing prices on November 4, 2026, SKHY closed at $143.07, SFTBY closed at $13.05, SMSN.L closed at $4010, and 285A.T closed at 10,735 JPY.

The Bank of Japan is scheduled to release its Monetary Policy Meeting Minutes on November 4, 2026 (UTC), which may provide further insight into monetary trends following the recent volatility in regional tech and chip stocks.

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