US technology stocks suffered their worst daily losses since April 2025 as disappointing chipmaker earnings, midterm election results and concerns about AI valuations unsettled investors.

United States
Tesla shares plunged more than 9% on November 5 as Democratic victories in Texas raised concerns about data center restrictions, robotaxi regulation and Musk's AI ambitions.
Democrat James Talarico defeated Ken Paxton in a historic US Senate race in Texas, marking the first time a Democrat has won a Senate seat in the state since 1988 amid record campaign spending.
Democrats captured control of both the House and Senate in a historic midterm sweep, delivering a sharp rebuke to President Trump and transforming the political landscape in Washington.
Donald Trump criticized Greg Abbott as a RINO after Democrat Gina Hinojosa defeated the three-term Texas governor, marking a historic Democratic victory and raising questions about Republican leadership.
Australia
South Korea's KOSPI triggered a circuit breaker after falling 8.5%, driven by double-digit drops in Samsung and SK Hynix following US midterm tech fallout.
Canada
Tesla and SpaceX lost over $420 billion in market capitalization after the U.S. midterms ushered in a Democratic Congress and wiped out key Texas political allies.
South Korea
미국 텍사스주의 데이터센터 건설 유예 방침과 AI 인프라 규제 우려로 코스피가 장중 5000선을 내줬으며, SK하이닉스 등 주요 반도체주가 급락세를 보였습니다.







