#美国中期选举落幕，美伊局势或迎新变数 Korean, Hong Kong and A-share Market Close Breakdown (2026.11.06): Memory Chip Giants Get Crushed, But Did Someone Quietly Step In Near the Close?
First, Korean stocks: today’s open was a bloodbath. The KOSPI plunged more than 8% at one point during the session, triggering a circuit breaker and a 20-minute trading halt.
Samsung Electronics closed down 6.35%, while SK Hynix plunged 10.44%. Over two days, their losses reached 13% and 18%, respectively. But note what happened near the close: the National Pension Service came in with support funds and managed to pull the index back from below 5,000, leaving it at 5,059 and narrowing the loss to 6%. The memory sector is still taking a beating, but some investors have started trying to catch the falling knife.
In Hong Kong, the Hang Seng Index closed down 1.27% at 24,481.
AI hardware supply-chain stocks were hit hardest, with memory chips, PCBs, and optical communications all falling across the board. But notably, mainland investors bought a net HK$2.4 billion against the trend, while Li Ning jumped 5% to lead blue chips after announcing a generous HK$6 billion special dividend. Money is moving out of AI hardware and into consumer stocks and high-dividend shares.
A-shares held up best: the Shanghai Composite fell just 1.1%, but the ChiNext Index was dragged down nearly 4% by computing-power hardware.
Cambridge Technology and Aohong Electronics both hit the 10% daily limit down. The top three sectors for net inflows from major investors were electricity (+863 million yuan), high-dividend stocks (+567 million yuan), and highways and railways (+541 million yuan). Money is pulling out of the AI narrative, and the places investors are flocking to for shelter are clear: power, transport, banks, and dividends. $KORU $SKHYNIX $SKHY
First, Korean stocks: today’s open was a bloodbath. The KOSPI plunged more than 8% at one point during the session, triggering a circuit breaker and a 20-minute trading halt.
Samsung Electronics closed down 6.35%, while SK Hynix plunged 10.44%. Over two days, their losses reached 13% and 18%, respectively. But note what happened near the close: the National Pension Service came in with support funds and managed to pull the index back from below 5,000, leaving it at 5,059 and narrowing the loss to 6%. The memory sector is still taking a beating, but some investors have started trying to catch the falling knife.
In Hong Kong, the Hang Seng Index closed down 1.27% at 24,481.
AI hardware supply-chain stocks were hit hardest, with memory chips, PCBs, and optical communications all falling across the board. But notably, mainland investors bought a net HK$2.4 billion against the trend, while Li Ning jumped 5% to lead blue chips after announcing a generous HK$6 billion special dividend. Money is moving out of AI hardware and into consumer stocks and high-dividend shares.
A-shares held up best: the Shanghai Composite fell just 1.1%, but the ChiNext Index was dragged down nearly 4% by computing-power hardware.
Cambridge Technology and Aohong Electronics both hit the 10% daily limit down. The top three sectors for net inflows from major investors were electricity (+863 million yuan), high-dividend stocks (+567 million yuan), and highways and railways (+541 million yuan). Money is pulling out of the AI narrative, and the places investors are flocking to for shelter are clear: power, transport, banks, and dividends. $KORU $SKHYNIX $SKHY
