A financial data screen at Woori Bank in Seoul. South Korean stocks edged higher as early US midterm results pointed to Democratic control of Congress. (EPA Images pic)LONDON: Global stocks and the dollar recovered on Wednesday from lows hit overnight after Democrats won control of both the Senate and the House in the US midterm elections, which has fuelled fears that rapid AI sector growth could be hamstrung by regulatory scrutiny.
In a major setback to President Donald Trump, Democrats scored sweeping victories in Republican strongholds for the first time in generations.
The breadth of the party's success was underscored by gains in districts long considered safely conservative, highlighting a political shift that may have caught some investors off guard.
