The results of the Congressional midterm elections held in the USA are being followed closely around the world.
While it is expected that there may be changes in the economic and geopolitical policies of the USA according to the election results, this situation is also expected to affect asset prices.
It is considered that with the Democrats taking control of the Congress in the country, the policies implemented by the President Donald Trump administration may be disrupted and Trump's political space for action may narrow.
In this regard, the elections in the USA will give important signals about the course of the next period on topics of geopolitical and economic importance. The decrease in political uncertainty as the election results became clear supported the risk appetite in global markets.
Positive pricing was observed in the US, European and Asian stock markets. While a buying-oriented trend was observed in Asia, excluding Japan, expectations that the current restrictions on China might decrease with the Democrats gaining the majority in Congress had a positive impact on the markets of this country.
With these developments, the Kospi index in South Korea closed at 5,683 points with an increase of 0.62 percent, the Shanghai composite index in China closed at 3,686 points with a 2.16 percent gain in value, the Hang Seng index in Hong Kong closed at 23,919 points with a 1.67 percent increase, and the Sensex index in India closed at 77,219 points with a 0.39 percent premium. In Japan, the Nikkei 225 index closed the day at 62,192 points with a loss of 1.41 percent.
The repercussions of the elections on geopolitical developments are also wondered. It is predicted that as Trump's political power decreases, he will be able to avoid unexpected exits in foreign policy and stay away from destroying bridges.
On the other hand, the Asia Pacific Economic Cooperation (APEC) Leaders Summit, which will be held in Shenzhen, China, on 18-19 November 2026, is also approaching. The political situation following the midterm elections in the USA is expected to affect the expectations for the summit to be held in China this month.
In this context, possible meetings between Trump and Chinese President Xi Jinping are important for the course of the commercial and geopolitical relations of the two countries.
"We may see loosening of tariffs and tightening of technology restrictions."
Asian Markets Analyst Sadi Kaymaz, in his evaluation to the AA correspondent on the subject, stated that the trade ceasefire between Beijing and Washington will expire in January and said, "There is no doubt that the weakening of US President Donald Trump domestically will increase China's bargaining power. I believe that China is expected to try to use Trump's political fragility to its advantage in the negotiations." he said.
On the other hand, Kaymaz noted that Democrats and Republicans in the USA are more or less on the same line regarding China, and said that a Democrat-majority Congress could make agreements with Beijing difficult.
Kaymaz stated that export controls in the field of artificial intelligence and chips may be tightened and made the following evaluations:
"So, while we see a loosening in tariffs, we may also see a tightening in technology restrictions. On the other hand, oil prices and high interest rates are a matter of concern in Asian countries in general. In this context, restraining Trump's spending plans may give Asian countries a breather by restraining long-term bond yields. In the short term, reducing oil prices, which had a large share in the loss of elections, has become more important for Trump. This aspect of the matter may be one of the factors that will relieve Asia in the coming periods."
