As the Democratic Party won an overwhelming victory in the US midterm elections, market expectations for tariff relief heated up, and Asian automobile-related stocks climbed. The Democrats plan to push for a vote in Congress to remove what they believe is causing increased inflation. Japanese market: Toyota rose as high as 8.5%, Nissan rose 7.9%, Honda rose 7.2%, Mitsubishi Motors rose 12%, Subaru rose 8%, and Mazda rose 7.6%. South Korea: Hyundai is up 8.6% and Kia is up 6.2%. AUSTRALIA: ARB is up 8.7%.

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