US Stocks Drift in Mixed Early Trading on Wall Street as Apple Falls
Several chip stocks rebounded and Apple warned higher memory-chip costs will pressure margins, while investors waited for election results that could reshape policy.
- Early Wednesday, Asian stock markets tumbled, with Japan's Nikkei falling 4.45% after Decision Desk showed Democrats retaking control of the House and Senate.
- The Democratic sweep of both chambers of Congress rippled across global markets, fueling investor concerns about President Donald Trump's agenda facing political gridlock.
- Kioxia Holdings and Taiyo Yuden slumped more than 13% as investors heavily sold AI-related shares, with markets bracing for potential tighter regulatory scrutiny on tech firms.
- President Donald Trump vowed to become "Mr Veto" to block Democratic legislation, while the Bloomberg Dollar Spot Index fell and the Swiss franc rose 0.5%.
- Bond investors suggest political gridlock could reduce deficit-spending risks, potentially benefiting Treasuries while constraining the White House's ability to advance major legislative agenda.
122 Articles
122 Articles
Reformatorisch Dagblad
On Asian stock markets, AI-related stocks were under pressure following the Democratic election victory in the United States. The Democrats are heading for a substantial victory in the US midterms and appear set to secure a majority in both the Senate and the House of Representatives. A Democratic majority in both houses could lead to stricter oversight of AI, measures against data centers, and increased corporate regulation.
The defeat of President Donald Trump's Republican Party in the congressional elections was quickly reflected in the currency markets.
Democrats' sweeping victory in Congress upsets investment balances – Strong losses in Asian stock markets, shift to US bonds and rally in green energy stocks
We read the business news and check the stock prices from the morning. Here is your complete Business overview.
The MSCI index of Asia-Pacific shares, excluding Japanese shares, is down 0.5 percent, and the prices of shares of AI companies and chip manufacturers such as AMD fell the most.
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