Oil prices plunged and stocks rose as markets bet a Democratic Congress could reduce risks of further escalation in Iran.
Oil and data centre stocks sink after US midterms
AA Astro Awani 
Key takeaways
Asian markets reacted to US midterm election results, with oil and data centre stocks falling while bonds and solar shares rose. Brent crude dropped nearly 9% overnight, and South Korea's KOSPI index slid 4% amid expectations of stricter AI regulation.
- Brent crude futures fell nearly 9% overnight, dropping below US$100 a barrel.
- South Korea's KOSPI index slid 4%, approaching a seven-month low in morning trade.
- Data centre shares fell as Democratic candidates campaigned on construction moratoriums.
Summarised automatically by AI from the original article by Astro Awani. AI can make mistakes, so check the original for details.
Also reported by Free Malaysia Today , Free Malaysia Today
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- Free Malaysia Today Oil and data centre stocks sink after US midterms
- Free Malaysia Today Oil and data centre stocks sink after US midterms
- Astro Awani Oil and data centre stocks sink after US midterms (this story)
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