South Korea’s KOSPI opened 1.82% lower. According to Odaily, SK Hynix fell 6% and Samsung Electronics declined 3%.

Fundstrat’s Tom Lee said a Democratic midterm sweep could drive a 15% to 20% tech rally as hedge funds rebuild exposure, calling data-center stock losses an overreaction. Lee expects TMT funds to return to tech, led by hyperscalers, and said divided Washington could ease pressure on the Federal Reserve, according to BeInCrypto. Goldman Sachs economists said Democratic state and local wins could pause data-center construction affecting about 45% of planned US capacity growth. Lee favored financials and industrials and said the rebound case weakens if opposition spreads beyond Texas and Georgia. A CNBC host said crypto rallied as Democrats renewed efforts to pass legislation they opposed before the midterms.

According to CNBC, AppLovin surged more than 20% after the mobile advertising software company posted third-quarter results that topped estimates, with adjusted EBITDA of $1.84 billion versus the $1.73 billion consensus and revenue of $2.18 billion exceeding the $2.07 billion forecast. Dutch Bros sank 19% after cutting its full-year adjusted EBITDA guidance to at least $380 million from a prior range of $385 million to $390 million, with third-quarter same-store sales of 4.4% missing the 4.6% estimate. Zillow dropped more than 16% after missing third-quarter estimates, reporting adjusted earnings of 55 cents per share versus 59 cents expected and revenue of $724 million versus $754 million. Fastly plummeted 16% despite beating estimates and guidance, as the company announced its Go To Market president Scott Lovett will retire in 2027. Qualcomm fell nearly 6% despite a slight earnings beat, with current-quarter adjusted earnings guidance of $2.15 to $2.35 per share falling short of the $2.26 analyst estimate. Expedia tumbled more than 7% on fourth-quarter revenue guidance of $3.69 billion to $3.75 billion, below the $3.74 billion consensus, despite third-quarter earnings and revenue beats. Snap slid 7% after third-quarter revenue of $1.72 billion narrowly missed estimates and daily active users of 495 million fell short of the 499 million expected. MercadoLibre dropped about 7% on earnings of $8.83 per share missing the $9.27 consensus, while revenue of $10.75 billion beat the $10.69 billion estimate. HubSpot fell more than 8% as fourth-quarter guidance of $3.85 to $3.87 per share on revenue of $945 million to $947 million missed expectations. Cava declined over 11% on third-quarter earnings of 11 cents per share versus 12 cents expected and revenue of $356 million versus $359 million. Figma dropped nearly 7% despite beating estimates with adjusted earnings of 10 cents per share on revenue of $391 million. Wolfspeed fell 5% on a wider-than-expected fiscal first-quarter adjusted loss of $2.03 per share versus the $1.99 estimate. Klaviyo slid about 5% despite beating estimates and raising full-year revenue guidance. Arm Holdings dipped almost 2% despite adjusted earnings of 52 cents per share beating the 47 cents estimate. Coherent gained 7% on adjusted earnings of $2.09 per share versus the $1.99 estimate, with revenue and guidance also above expectations. e.l.f. Beauty rose more than 4% on fiscal second-quarter adjusted earnings of $1.21 per share and revenue of $521 million, well above estimates.

US stocks rallied sharply on Wednesday as Democrats secured a decisive victory in the midterm elections and Trump accepted the results, removing the political uncertainty that had loomed over Wall Street. The Dow Jones Industrial Average climbed 1,569.40 points, or 3.03%, to 53,356.12, reclaiming the 53,000 threshold for the first time since September 8 and posting its best single-day performance since April 9, 2025. The S&P 500 rose 119.70 points, or 1.58%, to 7,688.62, and the Nasdaq Composite gained 364.50 points, or 1.44%, to 25,736.51. Major technology shares broadly advanced, with Microsoft and Amazon each rising more than 6%, Apple up more than 5%, Google up more than 3%, and Meta up more than 1%. AI-related stocks moved against the tide, with NVIDIA falling more than 3%. In the storage sector, Seagate Technology dropped more than 8%, Micron Technology and SanDisk each fell 7%, and Western Digital declined more than 6%. Among cloud service providers, CoreWeave plunged more than 9% and NEBIUS fell more than 7%. Optical communication stocks also slid, with Marvell Technology and Lumentum each down more than 7%, and Coherent and Corning each falling more than 5%. The midterm results also raised hopes for ending Middle East conflicts, sending oil prices plunging. December West Texas Intermediate crude futures fell $7.97 to settle at $88.12 per barrel, a decline of 8.29%, while January Brent crude futures dropped $8.98 to settle at $94.62 per barrel, down 8.67%. "The pressure to end the war is only going to be greater," said Peter Boockvar, Chief Investment Officer at One Point BFG Wealth Partners. "The American public has clearly expressed dissatisfaction with inflation, gas prices, and the like. Maybe this will push the war to an end. We will have to see." Trump told media he was "absolutely willing" to accept the election results and said he and Republicans would work with Democrats. Before the election, investors had worried that a Democratic sweep could drag down certain market segments, particularly stocks tied to AI infrastructure. Concerns intensified on Wednesday after Gina Hinojosa, a candidate for Texas governor who promised to immediately pause construction at key data center hubs, won her race. Investors will also watch for policy actions on housing and pharmaceuticals in the coming weeks. On the economic front, ISM and S&P data showed US services activity expansion slowed in October as companies continued to deal with elevated costs, while ADP reported that private sector hiring remained solid in October with "reasonably robust" job growth, according to Sina Finance.

BNB Chain announced on X that the Set and Earn AI agent challenge closes today at 12:00 UTC. The post described the deadline as approaching and said entries must be submitted before the challenge closes to count. Limited merchandise will go to the first 100 qualifying wallets. Participants were urged to check their entries before the deadline, but the post did not specify the criteria for qualifying wallets or provide further details about the merchandise. The stated cutoff is 12:00 UTC today; the post did not give a calendar date. The announcement provides no additional information about the challenge’s entry requirements or how qualifying wallets will be determined.

According to Yonhap, HKET and Yahoo Finance Taiwan, the U.S. Democratic Party won control of both chambers of Congress in the midterm elections, and President Donald Trump said he would accept the results. Oil prices fell on expectations of an early end to the Iran war, with December WTI futures down 8.29% at $88.12 a barrel and January Brent futures down 8.67% at $94.62. Japanese index futures advanced in night trade. The Osaka Exchange's December 2026 Nikkei 225 futures ended the night session at 63,110, up 660 points from the previous day and 921.37 points above the Nikkei Stock Average's cash close of 62,188.63. Yen-denominated Chicago Nikkei 225 futures stood at 63,130, 680 points above the Osaka close. KOSPI 200 night futures fell 1.66%, while the MSCI South Korea ETF declined 1.90% and SK Hynix's American depositary receipts (ADRs) dropped 5.12%. The KOSPI rose 35.01 points, or 0.62%, to close at 5,683.80 in the previous session. Mirae Asset Securities managing director Seo Sang-young said U.S. stock gains, the sharp fall in oil prices and steadier Treasury yields should support sentiment, but the steep drop in chipmakers on new-facility regulation concerns weighs on the market. Hang Seng Index night futures closed up 503 points at 24,425. HKEX data showed November Hang Seng Index futures traded between 23,927 and 24,519 in the after-hours session, on volume of 27,444 contracts. The NASDAQ Golden Dragon China Index rose 3.5% to 5,722. Among ADRs, Meituan's ADR was equivalent to HK$77.90, 3.59% above its Hong Kong close; Tencent's ADR was at HK$411.31, up 2.42%; the HSBC ADR was at HK$140.22, up 2.80%; and Alibaba's U.S. shares were at HK$103.25, up 2.63%. Front-month TAIEX futures closed the night session at 43,404, up 201 points or 0.47%, trading between 43,141 and 44,274 on volume of 66,939 contracts. TSMC futures rose NT$1 in the night session. The TAIEX fell 358.63 points, or 0.83%, to close at 42,948.91 in the previous session.

SK Group Chairman Chey Tae-won will serve as chairman of the board of HYAICO, SK Hynix’s U.S.-based AI investment company. According to Sina Finance, citing a filing with the U.S. Securities and Exchange Commission (SEC), SK Hynix President Song Hyun-jong will become HYAICO’s president and CEO, while SK Hynix CEO Kwak Noh-jung will serve as a director.

Jinse Financeは、暗号通貨とブロックチェーン業界の最新ニュースを最速でお届けする日刊ニュース速報「Jinse at 8 AM」第3233号を発行しました。

David Jones, Australia’s oldest department store, collapsed on Thursday after almost 200 years, Bloomberg reported. The chain succumbed to the digital era as shoppers turned to cheaper, nimbler online rivals.

According to Jin10, a cabinet representative said the Bank of Japan is expected to be accountable for decisions made at the meeting and carefully assess the cumulative effects of previous rate hikes.

The CLARITY Act will expire at the end of the 119th Congress on January 3, 2027, unless it wins bipartisan support sufficient to meet the Senate’s 60-vote threshold. According to Odaily, the bill would need to be reintroduced and a new agreement negotiated in the next Congress to advance; the Digital Chamber expects the Democratic-controlled House Financial Services Committee to prioritize stablecoin reserve requirements, expanded consumer disclosures and stronger anti-money laundering controls. The next Congress is also expected to strengthen protections related to AI data privacy and national security risks and to advance formal risk-management frameworks and transparency requirements for high-risk AI applications.

民主党が上下両院で圧勝したにもかかわらず、AI関連株は当初下落した後上昇に転じた。これは、市場が実際には期待と規制の乖離に基づいて取引されていることを示している。

民主党が下院と上院の両方で過半数を獲得したことで、暗号資産関連法案の主導権は民主党に移り、トランプ一家のデジタル資産事業に関する調査が、新たな法案の推進よりも優先されることになるだろう。

Jinse Financeは、AI、DeFi、DAO、NFT、メタバースに関する最新かつ最速のニュースを提供する「Jinse Web3.0 Daily」を開始しました。

米国財務省外国資産管理局（OFAC）は、北朝鮮の海外IT人材ネットワークおよび仮想通貨送金ルートを取り締まるため、個人10名と団体1団体を制裁対象リストに追加した。

米中間選挙で民主党が上下両院を制し、トランプ大統領にとって就任以来最悪の政治的敗北となった。

インテルの株価は1日で28.58%も急落し、ピーク時の半分以下まで下落、世界の半導体業界全体を低迷させた。AIを取り巻く状況は、コンピューティング能力の購入から、収益の追求へと変化しつつある。

バイナンスからの63億4000万ドルの窃盗に関する最初の報道は、北朝鮮が否定している偽のインタビューを指摘しているが、本当の謎は攻撃者による10日間の潜入にある。

王永利氏は、米国におけるステーブルコインの立法プロセスについて説明し、中国は人民元ステーブルコインを発行することで米国に追随すべきではなく、デジタル人民元という主要テーマを堅持すべきだと指摘した。

綿密に計画された偽の面接により、ハッカーたちは約5ヶ月にわたり従業員のコンピューターからバイナンスのコアウォレットに侵入し、63億4000万ドル相当の資産を盗み出した。