ASIA NIGHT SESSION | TAIEX Futures Plunge 2,946 Points in Night Trade, KOSPI 200 Night Futures Sink 7.87%

According to Yonhap, HKET and Central News Agency, the U.S. Democratic Party won a sweeping midterm victory to take control of both chambers of Congress, fueling concerns over data center construction delays and tighter AI regulation that triggered a selloff in AI-related chip stocks. Reports of tanker attacks in the Middle East raised supply concerns, with December WTI futures up 2.72% at $90.52 a barrel and January Brent futures up 3.88% at $98.29. Japanese index futures fell in night trade. The Osaka Exchange's December 2026 Nikkei 225 futures ended the night session at 57,400, down 3,520 points. KOSPI 200 night futures dropped 7.87%, while the MSCI South Korea ETF fell 13.46% and SK Hynix's American depositary receipts (ADRs) declined 13.40%. The KOSPI fell 300.00 points, or 5.28%, to close at 5,383.80 in the previous session. Kiwoom Securities analyst Han Ji-young said the AI stock rout in the U.S. was beyond oversold, noting that the specific scope of the regulations has not yet been confirmed. Hang Seng Index night futures closed down 392 points at 24,494. HKEX data showed November Hang Seng Index futures traded between 24,436 and 24,886 in the after-hours session, on volume of 30,826 contracts. The NASDAQ Golden Dragon China Index rose 0.4% to 5,747. Among ADRs, Meituan's ADR was equivalent to HK$79.63, 0.83% below its Hong Kong close; Tencent's ADR was at HK$424.46, down 1.38%; the HSBC ADR was at HK$138.11, down 2.12%; and Alibaba's U.S. shares were at HK$105.93, down 2.90%. Front-month TAIEX futures fell 2,946 points, or 7.03%, to close the night session at 38,936, below the 40,000 level, trading between 38,799 and 42,298 on volume of 89,296 contracts. TSMC futures fell 221 points to 2,026 in the night session. The TAIEX fell 1,374.19 points to close at 41,574.72 in the previous session.