Aussie up, bitcoin down: the winners and losers of the US midterms – AFR

The recent Democratic sweep in the US midterm elections triggered a violent sell-off on Wall Street, leaving pundits scrambling to identify which market sectors are most positioned to thrive under the incoming administration and which face heightened risk.

U.S. equities have subsequently rallied, buoyed by the House and Senate gains as Democrats secured control of both chambers. This milestone marks the first Republican stronghold victories in generations, fueled by voter fatigue with President Donald Trump and ongoing concerns over the Iran conflict.

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