Asian shares are mixed after US midterm elections as AI-related stocks sink in Japan and South Korea

Asian markets were mixed after the U.S. midterm elections, with a sharp selloff in AI-related shares weighing on Japan and South Korea. In the wider rally, the Dow jumped more than 3% after President Donald Trump’s party lost sole control of Washington. Brent crude traded near $94, close to a two-month low. Still, South Korea’s Kospi briefly slid more than 4%, ending late morning down 3.5% to 5,484.38 as Samsung Electronics fell 5.7% and SK Hynix dropped 7.4%. Japan’s Nikkei 225 eased 0.5% to 61,914.53 as SoftBank Group, Tokyo Electron and Advantest fell. Hong Kong and Australia rose.