Global Equities Trade Mixed as Investors Weigh US Midterm Elections and Tech Valuations

Global Markets Navigate Election Risk and Regional Divergence

Global equity indices displayed a clear regional divergence on Tuesday, November 3, 2026, as investors balanced the positive shock of lower crude oil prices against caution ahead of the US midterm elections and ongoing scrutiny of artificial intelligence hardware valuations.

Regional Market Scorecard

• South Asia & Europe Outperform: India's Nifty 50 (+0.8%), Pakistan's KSE-100, and Milan's FTSE MIB (+0.9%) advanced as lower oil import costs and banking resilience lifted domestic sentiment.
• East Asia & Nasdaq Caution: Tech-heavy Asian benchmarks traded mixed-to-lower following the Nasdaq's 1.07% overnight pullback, with semiconductor supply-chain names consolidating ahead of US election results and upcoming US inflation data.