Asian shares mixed after US midterms; Kospi drops on chip selloff

Asian shares mostly advanced Thursday after U.S. stocks rallied following the midterm election, though South Korea's Kospi fell sharply on heavy selling of computer chipmakers. The Dow Jones Industrial Average jumped more than 3% after President Donald Trump's party lost sole control of Washington. South Korea's Kospi sank 3.5% as Samsung Electronics dropped 5.7% and SK Hynix lost 7.4%, while Tokyo's Nikkei 225 fell 0.5% and Taiwan's Taiex lost 1.6%. Markets less exposed to AI mostly climbed, with Hong Kong's Hang Seng jumping 2.8% and Australia's S&P/ASX 200 rising 1.9%. Brent crude traded near $94 a barrel, its lowest in two months, after plunging 8.7% on expectations of reduced war pressure.