The Democratic Party took back both houses of Congress in the US midterm elections and achieved election breakthroughs in key data center construction states, pushing the market to re-evaluate the speed and cost of AI infrastructure expansion. As far as the Asian financial market is concerned, this policy reassessment seems to have two sides — that is, if investment in US data centers slows down, it may weaken demand for chips, servers, and ancillary equipment, and impact North Asian exports and corporate profits; at the same time, the market is betting on falling oil prices due to the cooling of the Iran war, which is also expected to ease inflation, trade deficits, and fiscal pressure on energy importers. The core change facing Asian assets can be described as a rebalance between AI export earnings and energy import costs.

The Democratic Party took back both houses of Congress in the US midterm elections and achieved election breakthroughs in key data center construction states, pushing the market to re-evaluate the speed and cost of AI infrastructure expansion. As far as the Asian financial market is concerned, this policy reassessment seems to have two sides — that is, if investment in US data centers slows down, it may weaken demand for chips, servers, and ancillary equipment, and impact North Asian exports and corporate profits; at the same time, the market is betting on falling oil prices due to the cooling of the Iran war, which is also expected to ease inflation, trade deficits, and fiscal pressure on energy importers. The core change facing Asian assets can be described as a rebalance between AI export earnings and energy import costs.