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US midterm elections: all you need to know, from Democrats’ big wins to effects on China

election_political_shiftUnited StatesSCMP5 Nov, 12:15 UTC

Context

We have put together 17 of our top stories from our coverage of the US midterm elections. If you would like to see more of our reporting, please consider subscribing. 1. Democrats take US Congress, reshaping Trump’s final two years – as it happened Democrats seized both chambers of Congress in the 2026 US midterm elections, flipping Senate seats in Republican strongholds and ending the control President Donald Trump had enjoyed since his return to the White House. Here’s how things changed for...

What it means

Causal chain

No clear market signal

How to read a signal
Severity
the event's market impact, 1–5
Direction
↑ / ↓ likely price move for the asset
Exp. move
the size of the abnormal move we'd expect if the call plays out — not a claim a move will happen:
Ssmall<1%
Mmoderate1–5%
Llarge>5%
Most flagged events don't move beyond noise; those count against us (see the track record).
Timeframe
the window we measure over:
1dshort
5dmedium
21dlong
Conviction
how well-established the directional call is (textbook → speculative) — not a guaranteed outcome:
low
average
strong

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Not investment advice · for informational purposes only. Generated 5 Nov, 12:19 UTC