Seoul stocks crash for 2nd day on AI rout after US midterms

Seoul stocks sank for the second consecutive session on Friday amid fears that a Democratic Congress could decelerate the pace of data center construction for artificial intelligence. The Korean won was trading sharply lower against the US dollar. The benchmark Korea Composite Stock Price Index closed down 324.11 points, or 6.02 percent, at 5,059.69, falling as low as 4,911.28. On Thursday, the index plunged over 5 percent. The index had plummeted over 8 percent right after the opening bell, tri