Nov 3 — BNP Paribas analyst William Bratton noted in a report that a Democratic win in the U.S. midterm elections could put pressure on Asia's artificial intelligence-related stocks. Bratton said a sweeping Democratic victory could dampen market sentiment toward AI, as policy would shift toward a greater focus on AI safety, testing, and industry standards. Should Democrats perform strongly, the market may begin pricing in a possible 2028 "blue wave"—full Democratic control of Congress—which would increase the scope for tighter AI regulation. Given that Northeast Asian stock markets have significant exposure to the U.S.-led AI supercycle, this could pose a challenge. He added, however, that as investors shift their focus to AI commercialization and monetization, corporate earnings will play a greater role in shaping the trajectory of Asia's tech sector over the short to medium term.