Asia's Traders Weigh Tech Selloff, US Midterms
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Read a transcript preview of “Asia's Traders Weigh Tech Selloff, US Midterms” from Bloomberg Television, uploaded on 2026-11-02.
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Language: English (creator captions)
[0:15] This is the Asia Trade, I'm Shery Ahn in Tokyo.
[0:17] The top stories this hour. Asian stocks set to track Friday's sharp
[0:21] Wall Street sell off. Disappointing tech earnings, fueling
[0:24] fears that the AI driven rally may not be sustainable.
[0:28] This week's US midterms. Also, we focus with President Trump
[0:32] traveling across the country to rally Republican support, early voter turnout
[0:36] setting a record potentially for bringing Democrats.
[0:40] And Westpac's full year profit misses expectations.
[0:43] While Australian home prices fall further ahead of tomorrow's likely RBA
[0:47] rate hike. And I'm Haidi Stroud-Watts
[0:50] in Sydney. Take a look at the set up for trading
[0:52] across Asia. It's a busy, busy week, of course, not
[0:55] the least of which is we're really getting close to the eve of these new
[0:58] And midterms. Uh, not withstanding, we're already
[1:01] seeing quite a lot of early voter turnout.
[1:03] You can sort of read through that what it will in terms of what that means for
[1:06] the incumbent and potentially what that means for the makeup of Congress once we
[1:11] get the votes sorted and in. But take a look at how we're setting up
[1:14] S&P futures up by just about a quarter of 1%.
[1:16] We're seeing some downside indicated for Japan as well as Korea as this, uh,
[1:20] concerns over the tech route continues to play out here.
[1:24] This as we have uh, also quite a lot of central bank activity this week as well.
[1:28] The RBA is set to make its 55th, uh, interest rate hike this year as we
[1:33] continue to see that inflation fight, uh, play out there.
[1:36] But when it comes to some of