The Nasdaq Composite fell more than 5% and closed over 11% below last month's record high, entering a technical correction. In 10 similar corrections over the past decade, the index averaged a 9.41% gain three months after the low and 17.03% after six months, with 2022 the exception.
Nasdaq correction history points to recovery after selloff, analysis says
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The story so far: KOSPI decline led by chipmakers
An AI-led selloff after Democratic US midterm wins hit Asian chip stocks and pushed the KOSPI down over 5%. South Korea's finance minister called an emergency market meeting and exempted broker margin guarantees for three months; the waiver of the 140% margin loan collateral rule now runs three months from 9 November.
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Nasdaq correction history points to recovery after selloff, analysis says
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