
Stock Market Today: Kospi Fades From 5,500 to 5,290
Kospi gave up a 3% chip-led surge above 5,500 to close down 1% at 5,290, as Samsung and SK Hynix reversed their opening gains in Seoul on Friday.
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Daily news and analysis of equity markets today: index moves, sector rotations, notable stock swings, and what is driving them - written by the PomiNews

Kospi gave up a 3% chip-led surge above 5,500 to close down 1% at 5,290, as Samsung and SK Hynix reversed their opening gains in Seoul on Friday.

Bitcoin slid to about $71,300, its lowest since August, as $650 million in liquidations, five days of spot-ETF outflows and a Nvidia sell-off erased $550 billion from crypto.

Strategy (MSTR) fell about 7% to $113.60 after MSCI confirmed it will drop the bitcoin holder from its global indexes, which could force roughly $1.6 billion of passive selling.

The STOXX 600 closed at a record 663.05 as the DAX rose 1.2%, with strong earnings and easing Mideast tensions lifting European equities.

The S&P 500 rose 1.3% to 7,619 and the Nasdaq gained 1.6% on Wednesday as CoreWeave earnings and Anthropic's IPO outlook revived the AI trade on Wall Street.

Bitcoin slipped back to about $74,000 after briefly topping $75,000, as hot October inflation and spot ETF outflows pushed Fed rate-hike odds higher.

Bitcoin slid to about $74,600 from an $80,900 peak as US spot ETFs lost $842M in two sessions, while lagging the stock rally in financial markets today.

Wall Street posted its best day since April on Monday, with the Dow up 2.2% as Brent crude fell below $93 and chip stocks rebounded.

Gold rose more than 1% to about $4,120-$4,130 an ounce and silver neared $53 as investors bought bullion after last week's selloff, with US inflation data next.

Bitcoin stalls below $76,000 as spot ETFs shed $1.28 billion in a week and altcoins slide, tracking the risk-off mood across financial markets today.

Democrats' midterm sweep revived fears of tougher AI data center rules, driving a selloff in Tesla, SpaceX, Palantir and chip stocks and a Nasdaq correction.

AI stocks sank Thursday as the Dow lost 1,833 points and the Nasdaq entered a correction, wiping $1 trillion off big tech. Friday's rebound was partial.

Trump Media stock (DJT) fell another 9.6% Thursday to $4.06, a record low, extending a 24.5% rout after Democrats won Congress in the midterm elections.

Japan's Nikkei 225 fell as much as 7.1% into a technical bear market below 60,000 as an AI selloff hit SoftBank and Rohm after a sharp Wall Street rout.

Bitcoin dropped below $76,000 from above $80,000 as a tech rout hit risk assets, with about $1.1 billion of leveraged crypto positions liquidated in 24 hours.

The Cboe Volatility Index surged almost 70% to 28.18 on Thursday, its biggest one-day jump in over two years, as an AI-led selloff hit equity markets.

Europe's Stoxx 600 topped its August record on November 5 as investors rotated out of AI chip stocks into miners and consumer-products shares across the region.

Defense stocks sold off after Democrats swept Congress, with Lockheed Martin down about 7% and Kratos off 8-12% on fears of a tighter 2027 Pentagon budget.

Expedia (EXPE), HubSpot (HUBS) and MercadoLibre (MELI) fell 7% to 9% in extended trading on weak guidance and a profit miss despite solid third-quarter results.

Trump Media, Tesla and SpaceX shares fell as Democrats won Congress, even as the Dow gained 3% in the stock market on reduced election uncertainty.

Wall Street erased overnight losses after the Democratic midterm sweep, with the Dow up about 3% to 53,356 and Apple and Microsoft at record highs.

Sunrun, First Solar, Plug Power, Canadian Solar and Nextpower rose 6-8% premarket on Nov. 4 as investors priced in a friendlier Congress for clean energy.

Bitcoin fell to about $75,700, a multi-month low, as midterm uncertainty and $1 billion of spot ETF outflows hit financial markets today before a rebound.

Nasdaq QQQ futures fell as much as 2% and S&P 500 futures 1.3% after Democrats won the House and Senate, lifting AI, data center and fiscal policy risk.

Nasdaq 100 funds such as QQQ fall into correction as markets price a 73% chance of a December Fed rate hike with the 10-year Treasury yield near 4.9%.

Okta (OKTA) joins the S&P 500 before Wednesday's open, replacing Kenvue, which Kimberly-Clark is buying for about $40B; shares rose 2.7% in premarket trading.

Bitcoin slipped about 1.5% to roughly $77,000 as spot ETF outflows and a record Binance hack pushed the crypto Fear & Greed Index to 37, in Fear territory.

Stock market today: Wall Street holds its breath on midterm results as prediction markets favor a Democratic sweep and Friday's October jobs report looms.

Intel fell another 8.8% on Monday after its worst day since 1974, and the Nasdaq-100 slipped into a correction as the chip selloff reached $3.7 trillion.

Gold price rose 2.1% to $3,957.19 an ounce on Monday, rebounding from a one-year low as oil fell on Iran peace talks and U.S. midterm elections drew near.
Market news is anything that changes what investors are willing to pay for stocks: index-level moves in the S&P 500, Nasdaq, and Dow, sector rotations where money shifts from one industry to another, and single-stock swings large enough to matter beyond the company itself. The desk covers each move in the financial markets today with the same structure - what moved, why it moved, and the sentiment and impact rating that tells you how much weight to give it.
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