Shengbao Bank: U.S. mid-term elections increase pressure on Asian tech stocks
2026-11-04 13:36:41
According to CoinMeta, Chalu Channana, an analyst at Shengbao Bank, stated that the Democratic Party's overwhelming victory in the U.S. midterms has raised more concerns for the Asian tech industry. The election results have intensified market fears of stricter regulation on large tech companies, enhanced regulation of artificial intelligence, and a possible reduction in fiscal stimulus. The impact on Asian markets is particularly evident, as markets such as Taiwan, China, and South Korea have a high weight of semiconductors. Although a pessimistic sentiment is spreading throughout the AI supply chain, the fundamental demand for advanced chips remains strong. Channana pointed out that the market is currently more in the process of readjusting expectations rather than the AI growth story having collapsed. Considering that there is still room for further market declines, investors should not rush to buy on dips. The key is to distinguish between two types of companies: those that provide funding for AI infrastructure construction and those that supply critical technologies. For long-term investors, it is advisable to gradually increase holdings when stock prices weaken selectively.
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Source:Jin10 Data
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