News
Markets swing as Democrats win control of Congress
Asian stocks recovered from early losses of up to 4% after the Democratic sweep of Congress, with Japan’s Nikkei 225 closing lower and South Korea’s KOSPI ending higher. U.S. stock futures fell 408 points as investors weighed potential fiscal disputes and opposition to data‑center development following the election results. U.S. equities rebounded, highlighted by AMD gains on data‑center growth while Tesla and AI infrastructure stocks declined. Overall, U.S. markets rallied on expectations of political gridlock, falling Treasury yields, renewable‑energy prospects and strong corporate earnings. Bitcoin was quoted around $80,525 and Ethereum near $2,431.