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Election aftermath

US Midterms 2026

The 2026 US midterm elections gave the Democratic Party control of both chambers of Congress for the final two years of Donald Trump's presidency. The result reshapes congressional oversight, the Iran war debate, technology and data-centre regulation, and the global market backdrop against which Pakistan's economy and diplomacy are conducted. This hub follows the results, the new Congress and the consequences that reach Pakistan.

5 reportsLatest 6 November 2026
A trader walks across the New York Stock Exchange floor beneath banks of screens displaying stock prices.

Latest development

6 November 2026
Newest report

Nasdaq sinks 5.5% as AI stocks slide after Democrats' midterm sweep

The Nasdaq fell 5.5% and the Dow more than 1,800 points as investors dumped AI and chip stocks after the US midterms, with losses spreading across Asia.

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The reporting trail

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Karachi's I. I. Chundrigar Road financial district seen from a distance, a row of office towers under a hazy sky.Pakistan / Business & Finance

PSX KSE-100 jumps 3,995 points, closes above 172,000 on US midterm hopes

Pakistan's KSE-100 closed at 172,013.48 on 4 November 2026, up 3,994.62 points or 2.38 percent, as investors bought hopes of a less volatile US policy on Iran.

The illuminated dome of the United States Capitol at night, seen from a stone staircase with a lit lamp post in the foreground.International — World / International — World

Democrats win Congress, setting up a check on Trump's Iran war

Democrats have won the Senate and the House, ending Republican control of Congress and reshaping the ground under Trump's Iran policy and Pakistan's energy stakes.

The west front of the United States Capitol, a large neoclassical building with a central dome, seen from Pennsylvania Avenue with trees and pedestrians in the foreground.International — World / International — World

Americans vote in midterms that will shape Trump's Iran war and Pakistan's mediation

US voters go to the polls on 3 November to decide control of Congress, with the Iran war, living costs and Pakistan's mediation effort hanging on the result.

The US Navy aircraft carrier USS Dwight D. Eisenhower transits the Strait of Hormuz with an escort vessel alongsideInternational — Region / International — Region

Trump reportedly rejects Iran's seven-day Hormuz plan, aides expect renewed bombing

The Wall Street Journal reports Trump rejected Iran's seven-day plan to reopen the Strait of Hormuz, with aides saying renewed bombing is likely after the midterms.