StocksMedium•6 November 2026•
1 min read
Asian Chip Stocks Plunge as KOSPI Index Drops Over 8%
Key Facts
1SK Hynix shares plummeted 11.7% and Samsung Electronics fell nearly 10% amid a broad semiconductor sell-off.
2TSMC shares dropped 8.5% in Taipei as the South Korean KOSPI index plunged over 8%, triggering a temporary trading halt.
SK Hynix shares plummeted 11.7% and Samsung Electronics fell nearly 10% amid a broad semiconductor sell-off in Asian markets. Reuters reported that TSMC shares dropped 8.5% in Taipei as the South Korean KOSPI index plunged over 8%, triggering a temporary trading halt.
The massive sell-off followed the US midterm election results, which fueled investor fears of tighter AI regulations and data center limits. Regarding closing prices, SKHY closed at $123.9 and SMSN.L closed at $3578 on November 5, 2026, while TM closed at $353.1 and SFTBY closed at $11.17 on the same date.