On November 4, investors awaited the results of the U.S. midterm elections. The South Korean stock market opened higher but then reversed course, with AI-related stocks pulling back. The KOSPI index fell 2.7%, Samsung Electronics dropped 3%, and SK Hynix fell 4.5%. Asian AI infrastructure companies are highly dependent on U.S.-led AI investment. Yang Hyun-kyung, an analyst at iM Securities, said that if the Democratic Party wins control of both the Senate and the House, calls for tighter AI regulation may grow louder, bringing uncertainty to data center expansion timelines.