
The Hang Seng index rises 3.1% to 24,665.84 points, led by Alibaba, JD.com and Tencent
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The Hong Kong stock market recorded a jump of more than 3% this morning, extending a global rise triggered by the success of the Democrats in the US Congress in the US mid-term elections.
The Hong Kong stock market recorded a jump of more than 3% this morning, extending a global rise triggered by the success of the Democrats in the US Congress in the US mid-term elections.
Tech giants, including Alibaba, JD.com and Tencent, were among the biggest gainers, with the Hang Seng index rising 3.1% to 24,665.84 points.

The Tokyo Stock Exchange opens in positive territory after the victory of the Democratic Party in the mid-term elections in the United States and the openings of Donald Trump. The Nikkei rose by 0.28% to 62,364.95 points, while the yen strengthened against the dollar at 158.30 and the euro below 178.

The Democrats' clear victory promises an orderly transition and boosts market sentiment, but more restrictive policies on AI could slow down US growth. With Trump still at the helm of foreign policy, inflation remains unpredictable and markets are bracing for significant rate moves. On Wednesday 4 November the focus is on Eurozone inflation data and US economic indicators.

Democrats gain majorities in the U.S. House and Senate, inflicting Donald Trump's biggest defeat for a sitting president since 1946. In Texas, Republican Abbott loses the governorship to Democrat Hinojosa, raising concerns about the data center industry. Stock markets initially react with declines, then recover, as investors await greater clarity on future technology regulations.

After the loss of Congress by Trump and the Republicans, a divided government in the United States could support stock performance but pose a risk to the bond market and the dollar, with differentiated implications for banks, retailers, healthcare, telecommunications, data centers and infrastructure.

Global markets react positively to the success of the Democrats in the mid-term elections in the United States, with Wall Street rising, oil and natural gas falling, bond yields falling and big tech growing strongly, driven by expectations of a brake on the development of AI and a turn towards peace with Iran.

The Cade court, the Brazilian Antitrust, has approved the merger between Saipem and Subsea7 which will create Saipem7, with approximately 21 billion euros in revenues and 43 billion in aggregate order book. The operation requires the sale of the Seven Borealis ship. The approval of the Australian ACCC and the European Commission is still missing.