US midterm results hit Asian markets as Democrats sweep Congress

asia.nikkei.com —

Democrats won control of both chambers of Congress in the U.S. midterm elections, triggering sharp losses in Asian stock markets, with Tokyo's Nikkei falling below 60,000 for the first time in nearly six months. The results were a rebuke of President Donald Trump, with voters punishing his administration over inflation fueled by tariffs and the Iran war. Growing public opposition to data center construction, a key campaign issue, contributed to Democratic victories in Texas and Ohio, spooking tech investors. The Democratic sweep is seen as a headwind for the technology sector, with sell-offs spreading from U.S. to Asian markets. President Trump may now shift focus to foreign policy, including potential deals at the APEC summit, while his stance on Iran could impact Asia's energy policies.


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