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Asian Stocks to Rise as Oil Slides After US Vote: Markets Wrap

Bloomberg Markets Wednesday 04 November 2026, 22:15 UTC By Thomas Kutty Abraham 1 min read
Key Points

Asian Stocks to Rise as Oil Slides After US Vote: Markets Wrap Asian stocks were poised to follow Wall Street higher after a Democratic sweep in the US midterm elections sent oil plunging on hopes the monthslong conflict with Iran may end sooner. Equity-index futures for Japan, Australia and Hong Kong pointed higher following the biggest gain for the S&P 500 since August. Futures for South Korea’s tech-heavy Kospi index edged lower, tracking losses in US chip stocks amid concerns over the...

Asian Stocks to Rise as Oil Slides After US Vote: Markets Wrap Asian stocks were poised to follow Wall Street higher after a Democratic sweep in the US midterm elections sent oil plunging on hopes the monthslong conflict with Iran may end sooner. Equity-index futures for Japan, Australia and Hong Kong pointed higher following the biggest gain for the S&P 500 since August. Futures for South Korea’s tech-heavy Kospi index edged lower, tracking losses in US chip stocks amid concerns over the future of data-center development. The Nasdaq 100 Index rose 0.9%, propelled by gains of over 5% each in Microsoft Corp., Amazon.com Inc. and Apple Inc.
Asian (ORG) Democratic (ORG) US (LOCATION) Iran (LOCATION) Japan (LOCATION) Australia (LOCATION) Hong Kong (LOCATION) South Korea’s (LOCATION) Kospi (PERSON) Microsoft Corp. (ORG) Amazon.com Inc. (ORG) Apple Inc. (ORG)
Originally published by Bloomberg Markets Read original →

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