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2026-11-04 09:48:27
[Asian tech stocks fell in early trading: US midterm election results strengthen bets on a Democratic victory, concerns about AI investment flows intensify] (1) Asian tech stocks generally fell in early trading on Wednesday. (2) Preliminary results of the US midterm elections show that the Democratic Party is performing better, further strengthening market bets on a sweeping Democratic victory; investors are worried that this may slow down artificial intelligence investment flowing into Asian tech-intensive markets. (3) Chris Weston, head of research at Pepperstone, said: "The extent of the Democratic Party's final victory, or a Republican unexpected victory in the Senate, could trigger a large-scale adjustment of market positions." (4) US futures linked to the Nasdaq index fell further, down about 1.5% on the Chicago Mercantile Exchange (CME). (5) The South Korean KOSPI index rose at the open but then fell back, with weakness in chip stocks dragging down the market.
