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Midterm result raises AI rule worries in Asia

Both waysSince 5 Nov, 21:58 UTC · updated 21:58 UTC

Illustration: a stock exchange facade under dark storm clouds with a large downward-tilted barometer standing on its steps — Illustration

Democratic wins in the US midterms raised fears of tighter AI rules. Seoul's main index fell more than 5% and the won weakened against the dollar.

South Korea's stocks swung and then dropped as the vote moved toward a Democratic win. Investors feared stricter artificial intelligence rules.

South Korea's top financial officials said they will watch US AI and trade policy closely. China's commerce ministry tied more US farm purchases to both sides carrying out their tariff-cut deal.

The Nikkei fell 1.79%, while the Hang Seng rose 3.67%.

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Our stories on it

Seoul stocks fall 5.28% on worries over US AI regulation5 Nov, 18:10 UTC
South Korean policymakers to watch US AI and trade policy after midterms5 Nov, 18:10 UTC
China ties US farm purchases to tariff-cut deal; midterms add uncertainty5 Nov, 18:05 UTC

Written by our newsroom’s AI from our stories and the markets’ moves, and not read by a person before it was published. Not investment advice.

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