{
  "id": 18053766,
  "title": "Global Market Today: Asian shares retreat as US futures slide on Midterm election bets",
  "url": "https://urgent.news/2026/11/04/global-market-today-asian-shares-retreat-as-us-futures-slide-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T01:00:42.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/us-stocks/news/global-market-today-asian-shares-advance-as-us-tech-stocks-rebound-midterm-results-awaited/articleshow/135517317.cms"
  },
  "original_language": "en",
  "account": "Asian stocks retreated as US futures declined on early midterm election results that indicated a higher likelihood of Democrats gaining control of Congress. The prospect of gridlock in Washington after a potential Democratic sweep raised concerns about market uncertainty heading into year-end.\n\nTechnology shares rebounded earlier, but now investors are focusing on the potential impact of the midterm results on the outlook for AI spending and geopolitical risks. The uncertainty surrounding the election outcomes may have removed a key source of optimism for the dollar, while making US Treasuries more attractive.\n\nThe dollar weakened against most Group-of-10 currencies, while the benchmark 10-year Treasury note yield dropped to 4.92%. MSCI's Asia Pacific Index fell 0.2%, despite South Korea's Kospi Index climbing 1%.\n\nMillions of Americans cast ballots in congressional races and local issues, with polls closing at 6 p.m. Eastern time. Prediction markets indicated a high probability of a Democratic victory in both the House and Senate, suggesting possible gridlock in the US legislature.\n\nAnalysts noted that the election results could act as a \"clearing event,\" removing some uncertainty from the market. However, geopolitical risks, particularly between the US and Iran, remained in focus as talks continued to find a resolution. The labor market showed signs of resilience, with job openings rising to a four-month high and layoffs declining to their lowest level in over a year.",
  "summary": "Contracts for the S&P 500 Index dropped 0.3%, erasing an initial gain of 0.5%, while those for the Nasdaq 100 declined 0.6%. The dollar dropped against most of its Group-of-10 peers and the yield on the benchmark 10-year Treasury note fell four basis points to 4.92%. The MSCI Asia Pacific Index dropped 0.2% even as South Korea’s Kospi Index jumped 1%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "CSE Global shares up 7% after Q3 new orders nearly treble to S$434.9 million",
        "url": "https://urgent.news/2026/11/04/cse-global-shares-up-7-after-q3-new-orders-nearly-treble-to-s-434-9",
        "published": "2026-11-04T03:04:41.000Z"
      },
      {
        "outlet": "The National Business",
        "title": "Asian equities and US stocks futures slump amid blue sweep in US polls",
        "url": "https://urgent.news/2026/11/04/asian-equities-and-us-stocks-futures-slump-amid-blue-sweep-in-us-polls",
        "published": "2026-11-04T04:33:50.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}