NewsSignals AI analysis·Reuters·Nov 3, 2026

South Korea shares fall after selloff continues on Wall Street

Grade Abearish AI signal$KRX:KOSPI$SPX$USD$KRW$005930$000660$373220

South Korea's KOSPI plunged 3.59% as the global tech selloff intensified, with major semiconductor and battery stocks leading losses amid weakening investor confidence.

Bullish strength: 20/100

The South Korean won strengthened 0.37% against the US dollar.
Benchmark 10-year Korean Treasury yields fell 3.5 basis points to 4.007%.
Hopes for an end to the US-Israeli war with Iran contributed to a more than 7% plunge in oil prices.

Bearish strength: 80/100

KOSPI plunged 3.59% to 5,648.79.
Samsung Electronics fell 4.15% and SK Hynix dropped 5.03%.
LG Energy Solution slid 5.06%, while POSCO Holdings lost 5.83%.
Foreign investors were net sellers of 1,515.3 billion won ($1.13 billion) in shares.
658 stocks declined compared with only 221 advancing.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Trade on MEXC

More recent source-attributed AI analysis in macro.

Dollar little changed as oil prices bounce, payrolls eyed

The US dollar remained largely unchanged as oil prices rebounded more than 3%, while investors assessed stronger US labor data and the potential slowdown in AI-related spending. Initial jobless claims fell to 189,000, matching a 57-year low, while markets priced in a 66.1% chance of at least a 25-basis-point Fed rate increase in December; the Bank of England also raised rates for the first time in over three years. Stronger employment data and persistent inflation concerns could support further Fed tightening, potentially boosting the dollar while keeping pressure on interest-rate-sensitive markets.

Tech selloff, defence weakness weigh on European shares

European shares fell on Thursday as a sharp technology selloff and weakness in defence stocks dragged the STOXX 600 down 0.38% to 654.87 points. European technology stocks plunged 3.2% to a nearly two-month low, while Rheinmetall sank 16.1% after cutting its 2026 sales forecast for the second time in three months. Continued AI spending uncertainty, geopolitical risks and rising oil prices could intensify pressure on European equities, particularly technology and defence stocks.

Wall Street's tech selloff continues after the midterms' Blue wave

U.S. stocks tumbled as the technology selloff intensified, with the Nasdaq Composite falling 3.7%, the S&P 500 dropping 2.1%, and the Dow declining 1.1%. Broadcom, Nvidia, Oracle, Tesla, and other technology names traded lower as investors reassessed Big Tech spending growth, with one analyst expecting capital expenditure growth to peak in 2027 rather than 2028/2029. Continued pressure on technology valuations and expectations for slower data-center investment growth could intensify downside risks across the broader equity market.

Corn, soybean futures sag under weight of big US crops

US corn and soybean futures fell to multi-month lows as large domestic harvests continued to weigh on prices, with corn approaching a four-month low and soybeans hitting a 2-1/2-month low. December corn closed down 4.25 cents at $4.40 per bushel, while January soybeans dropped 14 cents to $11.88¼; analysts expect the USDA to report a record-large soybean harvest next week. Rising US crop supplies could maintain downward pressure on corn and soybean prices, while wheat may remain sensitive to developments surrounding Black Sea shipping access.