#美国10月非农出炉：降息还有戏吗？ Korean, Hong Kong and A-share market close breakdown (November 4, 2026): Foreign investors cash out of semiconductor giants—is all that money pouring into pharma stocks in the A-share and Hong Kong markets?
The Philadelphia Semiconductor Index rebounded 2.63% last night, and markets across Asia-Pacific opened in high spirits. But the moment news broke that the Democrats might win big in the midterms, Nasdaq futures plunged, dragging down Korean, Japanese, Hong Kong and A-share markets. Korean stocks fell as much as 4%, then all staged a V-shaped recovery in the afternoon. This isn't a trend—it's a recovery after a sentiment-driven sell-off.
The Korean market was the most divided.
The KOSPI closed up 0.62%, but Samsung fell 0.68% and SK Hynix slipped 0.14%. Foreign investors were net sellers of 2.5 trillion won in a single day, with nearly 2 trillion won pulled from Samsung and Hynix alone. The money didn't all leave the market; instead, it flowed into LG Energy Solution (+5%) and Samsung SDI (+11.6%). Foreign investors are rotating away from semiconductor giants toward new energy and domestic-demand stocks.
Southbound flows in Hong Kong were mixed.
The Hang Seng Index rose 1.38% to 1.67%, while the Hang Seng Tech Index gained 1.77%. Southbound investors bought aggressively in the morning, but selling pressure from Shanghai funds surged toward the close, leaving Stock Connect with a net outflow of nearly 3.3 billion yuan for the day. The preferred plays were clear: innovative drugs and CXOs. WuXi Biologics rose 12%, WuXi AppTec gained 12%, and Hua Hong Semiconductor climbed 15%. Semiconductors and pharmaceuticals were the only two sectors in Hong Kong today with genuine buying support.
The A-share market was the real battleground today.
A ferocious afternoon rally sent the STAR 50 up 9.92% and the ChiNext up 6.4%. Turnover surged to 2.04 trillion yuan, up 334.3 billion. Semiconductor stocks hit the daily limit in droves: NAURA, Advanced Micro-Fabrication Equipment Inc. China and TONGFU MICROELECTRONICS all locked limit-up. The electronics sector saw net inflows of 58.9 billion yuan from major investors. Money pulled out of Korean semiconductor giants turned around and poured into A-share semiconductor equipment and materials.
Foreign investors are cashing out of Korean semiconductor giants, southbound funds are picking pharmaceutical stocks in Hong Kong, and surging turnover and limit-up gains have made the semiconductor recovery the A-share market's main intraday trade. $KORU $KSTR $SOXL
The Philadelphia Semiconductor Index rebounded 2.63% last night, and markets across Asia-Pacific opened in high spirits. But the moment news broke that the Democrats might win big in the midterms, Nasdaq futures plunged, dragging down Korean, Japanese, Hong Kong and A-share markets. Korean stocks fell as much as 4%, then all staged a V-shaped recovery in the afternoon. This isn't a trend—it's a recovery after a sentiment-driven sell-off.
The Korean market was the most divided.
The KOSPI closed up 0.62%, but Samsung fell 0.68% and SK Hynix slipped 0.14%. Foreign investors were net sellers of 2.5 trillion won in a single day, with nearly 2 trillion won pulled from Samsung and Hynix alone. The money didn't all leave the market; instead, it flowed into LG Energy Solution (+5%) and Samsung SDI (+11.6%). Foreign investors are rotating away from semiconductor giants toward new energy and domestic-demand stocks.
Southbound flows in Hong Kong were mixed.
The Hang Seng Index rose 1.38% to 1.67%, while the Hang Seng Tech Index gained 1.77%. Southbound investors bought aggressively in the morning, but selling pressure from Shanghai funds surged toward the close, leaving Stock Connect with a net outflow of nearly 3.3 billion yuan for the day. The preferred plays were clear: innovative drugs and CXOs. WuXi Biologics rose 12%, WuXi AppTec gained 12%, and Hua Hong Semiconductor climbed 15%. Semiconductors and pharmaceuticals were the only two sectors in Hong Kong today with genuine buying support.
The A-share market was the real battleground today.
A ferocious afternoon rally sent the STAR 50 up 9.92% and the ChiNext up 6.4%. Turnover surged to 2.04 trillion yuan, up 334.3 billion. Semiconductor stocks hit the daily limit in droves: NAURA, Advanced Micro-Fabrication Equipment Inc. China and TONGFU MICROELECTRONICS all locked limit-up. The electronics sector saw net inflows of 58.9 billion yuan from major investors. Money pulled out of Korean semiconductor giants turned around and poured into A-share semiconductor equipment and materials.
Foreign investors are cashing out of Korean semiconductor giants, southbound funds are picking pharmaceutical stocks in Hong Kong, and surging turnover and limit-up gains have made the semiconductor recovery the A-share market's main intraday trade. $KORU $KSTR $SOXL
