Early results from the US midterm elections point to Democrats taking control of the House and possibly the Senate, and markets reacted on 4 Nov. Contracts for the S&P 500 fell 0.3% and Nasdaq 100 contracts dropped 0.6% after earlier gains, while the 10-year Treasury yield fell to 4.92%. The MSCI Asia Pacific Index slipped 0.2%, though South Korea's Kospi rose 1%. Brent crude dropped to $103.54 a barrel and WTI to $96.04, and the dollar weakened against Group-of-10 peers.
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3 stories since 29 October 2026, newest first
4 November 2026
2 November 2026
US technology shares fell sharply, with the tech sector dropping 4.2 per cent on Friday and pulling the S&P 500 down 1.8 per cent. The tech sector slid 6.8 per cent in October, its steepest monthly fall since March 2025, though nine of the index's 11 sectors gained and the benchmark ended the month down less than 1 per cent. Disappointing results from Alphabet, Amazon and Intel added to the pressure on the AI trade. BofA Global Research economists call a sustained correction in AI stocks a major risk to the global economy. Tech makes up 38 per cent of the S&P 500.
29 October 2026
SK hynix reported third-quarter operating profit of US$62.8bn, up 632% on the year, marking six straight quarters of record revenue and operating profit. Asian technology shares surged after the results, with investors citing renewed optimism about artificial intelligence demand. Separately, Anthropic reported first-half revenue growth of about 1,300% in its IPO filing, and Broadcom, Citi, Blackstone and Morgan Stanley announced a US$63bn financing structure for the company. Markets were also awaiting the Federal Reserve's policy decision.