Macro Finance
Asian Stocks to Rise as Oil Slides After US Vote: Markets Wrap
Bloomberg Markets·November 4, 2026·1 min read
Asian stocks are set to rise after a Democratic sweep in the US midterm elections sent oil prices plunging on hopes the conflict with Iran may end sooner. Wall Street futures pointed higher, and investors bet on a shift in US foreign policy. The election outcome also boosted risk appetite across the region, with tech and export shares expected to lead gains.
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