The KOSPI fell 6.02% to close at 5,059.69 on November 6 after dropping below 5,000 during the session. A first-stage circuit breaker halted trading for 20 minutes after the index remained more than 8% below its previous close, marking one of the marketโs sharpest intraday declines in years.
Reports linked the sell-off to a plunge in U.S. technology shares and concerns about artificial-intelligence investment after the U.S. midterm elections, while the direct connection between the election result and the Korean market move remains an interpretation rather than an independently established fact.