Wednesday, November 4, 2026
Democrats Win Midterms; Asian Tech Stocks Tumble, Gold Jumps 2%
A Democratic sweep in US midterms led to a sell-off in Asian tech stocks, with South Korea's KOSPI dropping 4% and Taiwan's index falling more than 3%. Precious metals rose, with gold gaining 2% to $4,005.40 an ounce and silver jumping 4% to $51.68. The US dollar weakened slightly.
Full thread →Kospi Jumps 1.5% as Nikkei Falls 1.55% on US Midterm Vote Count
South Korea's Kospi gained 1.5% while Japan's Nikkei 225 fell 1.55% as investors reacted to early US midterm results, with uncertainty over potential changes in US trade policy.
Full thread →Democrats Need Four Senate, Three House Seats to Flip Congress
Democrats need four Senate and three House seats to flip both chambers, with the battle concentrated in states and districts won by Trump. Midterm results, dominated by AI-generated campaign ads, could shift energy and financial services sectors due to policy changes if Democrats gain control.
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