Asian markets mixed after US midterm rally; Kospi drops 3%

abcnews.com —

Asian shares mostly advanced Thursday after U.S. stocks rallied post-midterm elections, though South Korea's Kospi fell over 3% on heavy selling of chipmakers. The Dow Jones Industrial Average jumped over 3% after President Donald Trump's party lost sole control of Washington. Samsung Electronics sank 5.7%, while SK Hynix lost 7.4%, and Tokyo's Nikkei fell 0.5%. U.S. stocks typically gain after midterms regardless of outcome, with the S&P 500 rising 1.6% Wednesday. Brent crude traded near $94, its lowest in two months, while Hong Kong's Hang Seng jumped 2.8%.


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