Tech losses weigh on global markets ahead of US midterm elections, while oil prices rise - KTVN

Global equity markets faced pressure as losses in technology shares weighed on sentiment, with investors also positioning ahead of the US midterm elections. The tech sector's weakness reflected the sensitivity of growth-oriented stocks to shifting expectations around interest rates and the broader economic outlook, as valuations in the sector tend to be more exposed to changes in borrowing costs and risk appetite.

At the same time, oil prices moved higher, adding a separate crosscurrent for markets. Rising crude prices matter for equities because energy costs feed into inflation and household spending, and can influence how central banks approach policy. For investors, the combination of softer tech shares and firmer energy prices highlights how markets are balancing growth concerns against inflation risks.

The midterm elections add a layer of uncertainty, since the outcome can shape expectations around fiscal policy and regulation. Historically, such political events are often followed by a reduction in uncertainty once results are known. What to watch in the coming sessions: whether tech weakness broadens across sectors, whether oil's rise persists, and how markets interpret the post-election policy landscape.