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October nightmare for KOSPI faces rebound test on U.S. midterms

South Korean stocks are set to test whether they can rebound after a sharp October selloff, with U.S. midterm elections and employment data due this week. Investors are watching whether concerns over heavy AI investment costs ease and whether foreign selling moderates. Analysts say U.S. Treasury issuance plans and oil prices could influence long-term yields and risk appetite. Market participants also focus on whether semiconductor fundamentals hold up amid ongoing worries over AI firms’ funding.