As expectations of the Democratic Party sweeping both houses of Congress increased, the stock markets of Japan, South Korea, and Taiwan fell sharply. Both US stock futures and the US dollar fell, and US debt rose. Bitcoin fell. South Korea's Kospi Index and Nikkei 225 Index both fell by about 4%, and the Taiwan Weighted Index also fell by more than 3%. Chip stocks fell sharply. The strong performance of the Democratic Party in the midterm elections made investors worry about AI regulation or tightening. US stock futures also declined, and Nasdaq 100 futures, which account for relatively high technology stocks, fell more than 2%. The US dollar spot index fell to its worst single-day performance in two months. The G10 currencies all rose against the US dollar, and the Swiss franc and yen performed ahead. In addition to the renminbi and the Taiwan dollar, major Asian currencies also rose against the US dollar. The benchmark 10-year US Treasury yield fell 6 basis points to 4.90%. The political impasse that may be brought about by the Democratic Party may further limit US tax cuts and government spending, thereby easing market concerns about federal government borrowing, and US debt is expected to benefit from this. Kalshi predicts that the probability of the Democratic Party winning the House of Representatives is 99%, and the probability of winning the Senate is about the same, which indicates that the Democratic Party may win an overwhelming victory in both houses.
Zhitongcaijing · 6d ago
As expectations of the Democratic Party sweeping both houses of Congress increased, the stock markets of Japan, South Korea, and Taiwan fell sharply. Both US stock futures and the US dollar fell, and US debt rose. Bitcoin fell. South Korea's Kospi Index and Nikkei 225 Index both fell by about 4%, and the Taiwan Weighted Index also fell by more than 3%. Chip stocks fell sharply. The strong performance of the Democratic Party in the midterm elections made investors worry about AI regulation or tightening. US stock futures also declined, and Nasdaq 100 futures, which account for relatively high technology stocks, fell more than 2%. The US dollar spot index fell to its worst single-day performance in two months. The G10 currencies all rose against the US dollar, and the Swiss franc and yen performed ahead. In addition to the renminbi and the Taiwan dollar, major Asian currencies also rose against the US dollar. The benchmark 10-year US Treasury yield fell 6 basis points to 4.90%. The political impasse that may be brought about by the Democratic Party may further limit US tax cuts and government spending, thereby easing market concerns about federal government borrowing, and US debt is expected to benefit from this. Kalshi predicts that the probability of the Democratic Party winning the House of Representatives is 99%, and the probability of winning the Senate is about the same, which indicates that the Democratic Party may win an overwhelming victory in both houses.