U.S. Vice President Vance said everyone knows why we lost; the reason for our defeat is war.

On Nov. 3, 2026 China's ambassador to the US, Xie Feng, said mutual respect is needed to solidify trust in China-US economic and trade cooperation. He noted eight rounds of bilateral trade consultations since last year; the September round produced 10 outcomes, including establishment and advancement of a trade council mechanism, roughly $30 billion of reciprocal tariff reductions, and a deferral of implementing outcomes from Kuala Lumpur trade talks. Xie said the measures were negotiated on the basis of mutual respect and equal consultation, aim to address market and industry concerns, and should provide a more stable, predictable operating environment for companies. He added that mutual respect is necessary to build understanding and trust, expand the cooperation agenda and compress the list of outstanding issues.

Awaiting US midterm results, Korea's KOSPI reversed early gains and fell about 2.5%, with Samsung Electronics down roughly 3% and SK Hynix off about 4.5% as AI-related names retreated. Asian AI infrastructure firms remain highly dependent on US-led AI investment; iM Securities analyst Yang Hyun-kyung said if Democrats control both chambers, calls for tougher AI regulation could rise, creating uncertainty around data-center expansion timetables.