
AI-generated summary
The Democratic Party won a majority in the House of Representatives and the Senate in the U.S. midterm elections, as well as victories in key gubernatorial elections in Texas and other places, eliminating uncertainty that has shrouded Wall Street.
U.S. stocks were mixed on Wednesday. (Reuters)
[Instant News/Comprehensive Report] The victory of the Democratic Party in the U.S. midterm election eliminated the uncertainty that enveloped Wall Street. On Wednesday, the Dow Jones Industrial Index rose 1,569.40 points, 3.03%, and returned to above 53,000 points, setting its best single-day performance since April 9, 2025. The S&P 500 Index rose 1.58%, the Stark Index rose 1.44%, the Philadelphia Semiconductor Index fell 3.13%, and TSMC ADR fell $9.05, 2.24%, to close at $395.75.
According to comprehensive foreign media reports, the Democratic Party won a majority of seats in both the House of Representatives and the Senate, and won key gubernatorial elections such as Texas. The Democratic Party will exert checks and balances on Trump's policies. Trump told the New York Times that he was absolutely willing to accept the election results; he also told the Wall Street Journal that he and Republicans would work with Democrats.
The election decision also led to economic-related stocks leading the gains, with Wal-Mart rising 3.45% and Bank of America rising nearly 4%. AI-related stocks were divided. Artificial intelligence giants such as Microsoft rose 6.68%, Amazon rose 6.12%, Alphabet rose 3.25%, and Meta rose 1.44%.
Investors are worried that a Democratic victory will increase resistance and restrictions on data center construction. Gina Hinojosa was elected governor of Texas and promised to immediately suspend the construction of key data center hubs, exacerbating investors' concerns. AI cloud company CoreWeave's stock price fell nearly 10% on Wednesday, Huida fell 3.17%, SpaceX fell 3.81%, and Micron fell 7%.
The Dow Jones Industrial Average rose 1,569.40 points, or 3.03%, to 53,356.12 points.
The Nasdaq index rose 364.50 points, or 1.44%, to 25736.51 points.
The S&P 500 index rose 119.70 points, or 1.58%, to 7688.62 points.
The Philadelphia Semiconductor Index fell 331.74 points, or 3.13%, to 10268.65 points.
AI outlook — possibilities, not facts
The Democratic Party will cooperate and check and balance with the Trump administration on policies
Very likely · Within weeks
Construction of critical Texas data center hub to be halted
Likely · Within weeks

Taiwan Panasonic's multi-layer materials factory in Hsinchu Industrial Park exploded and caught fire at nearly 2 o'clock yesterday morning, causing five employees to be injured and two people missing. The Hsinchu County Fire Department dispatched nearly 100 people to rescue the workers. Preliminary research determined that the explosion was caused by the leakage of organic solvents such as MEK.

Far East SOGO Department Store's 39th anniversary celebration will be held on November 5, with 7 branches across Taiwan lasting for 12 days, with a performance target of 13 billion yuan. The activity includes China Trust SOGO co-branded card with up to 14% rebate, Cathay Pacific CUBE card with up to 4% rebate, as well as many discounts on home appliances, beauty products, international boutiques, etc., and cooperates with Japan's Sanrio to launch member-exclusive in-store gifts, striving for end-of-year consumption and purchasing power and preparing for the e-commerce Double 11.

The results of the US midterm elections were announced, the Democratic Party won, and Trump stated that he accepted the results. The market was optimistic due to the elimination of political uncertainty, and the Dow Jones opened higher by more than 1,000 points. Investors are also paying attention to the policy risks of AI construction-related stocks.

The 140th Canton Fair concluded successfully, coinciding with the 70th anniversary of its founding. This exhibition establishes a buyer alliance for the first time, aiming to provide precise services to leading companies. At the same time, the ninth CIIE is about to open in Shanghai, demonstrating the evolution of China’s trade pattern from export-oriented to two-way openness.

The 29th Beijing·Hong Kong Economic Cooperation Seminar opened in Beijing on the 4th. Many business leaders pointed out that Hong Kong has become the "cross-border architecture hub" and "testing ground for international standards" for Beijing companies going overseas, playing a key role in financial settlement, compliance services and international layout.

Xia Xin, director of the Infrastructure Development Department of the National Development and Reform Commission of China, said that during the "15th Five-Year Plan" period, China will build approximately 15,000 kilometers of railways, including approximately 10,000 kilometers of high-speed railways, basically achieving the goal of railway modernization. At the same time, about 2,500 kilometers of national high-grade waterways, more than 100 automated terminal berths of 10,000 tons and above will be built, and new airports such as Hohhot, Xiamen, and Dalian will be built.