Asian Equities and US Futures Slump on US Midterm Election Results

Key Facts

Japan's Nikkei index fell nearly 3% to 61,205.38 points due to uncertainty surrounding the US midterm election results. The National reported that US stock index futures traded lower as investors bet that Democratic gains could lead to legislative gridlock in Washington.

The market reaction stems from concerns that a shift in congressional power could hinder future tax cuts and deregulation measures. According to The National, S&P 500 futures slid 1.06% and Nasdaq 100 futures declined 1.9% on November 4, 2026, as early results suggested a significant political shift.

Key US economic data is scheduled for release soon, including Initial Jobless Claims on November 5, 2026, followed by Non Farm Payrolls and the Unemployment Rate on November 6, 2026, which may provide further direction for markets following the election volatility.