United States Consumer Price Index ex Food & Energy (YoY) registered at 2.6%, below expectations (2.7%) in March

Japanese and South Korean stock markets diverged, as the Nikkei tracked gains in US equities to open higher, while the KOSPI tumbled 2.4%. Kioxia plummeted 8%, and SK Hynix and SoftBank dropped 6%.

On Wednesday, November 4, Eastern Time, US stocks surged. Political uncertainty facing the market eased as the Democratic Party won control of both houses of Congress and Donald Trump accepted the election results. A sharp drop in oil prices further boosted investor sentiment, with tech stocks leading the gains, while AI infrastructure-related stocks came under pressure. At the close, the Dow Jones Industrial Average rose 3.03% to 53,356.12; the Nasdaq Composite Index climbed 1.44% to 25,736.51; and the S&P 500 Index advanced 1.58% to 7,688.62.

TradingKey - As of press time on November 4, Eastern Time, SpaceX (SPCX) fell over 7% in pre-market trading, currently trading at $130.64.

TradingKey - On November 4, gold prices (XAUUSD) rose sharply during the Asian trading session. As the Democratic Party won the U.S. midterm elections, the US Dollar Index and US Treasury yields weakened in tandem, pushing gold back above $4,000 to reach an intraday high near $4,029. Based on today's low of $3,919.85, the intraday rebound was close to $110.

TradingKey - On October 26, Eastern Time, Anthropic publicly filed its IPO registration statement with the U.S. Securities and Exchange Commission (SEC) and submitted an amendment on November 2 to supplement its third-quarter financial data. The company plans to list on the Nasdaq Global Select Market under the ticker symbol "ANT".