After Democrats Win the Midterm Elections, Brent Crude Plunges Nearly 9%, Chip Stocks Fall: What Is the Market Repricing?
On November 5, 2026, Eastern Time, Brent crude repeatedly tested the $94–$98 range after plunging nearly 9% overnight. It is down about 20% so far this week, putting it on track for its biggest weekly drop since April 2020. On the same day, South Korea’s KOSPI closed down 6.02% at 5,059.69, hitting an intraday low of 4,911.28 and triggering a circuit breaker. The S&P 500 closed down 4.36% at 7,353.73, about 6.3% below its 52-week high of 7,844.52. Bitcoin was trading at $75,466.2, down 6.24% in
GateInstantTrends·7h ago
