Hassett, director of the White House National Economic Council, said the government can still take substantial action even if Democrats control Congress.

South Korea's October exports rose 93.7% YoY (76.1% working-day adjusted) to $115.3bn, the Ministry of Trade, Industry and Energy said. Adjusted exports were below September's record $121.1bn. Imports rose 36%, producing a $42.5bn trade surplus. September export growth was revised to +83.7% YoY. Semiconductor exports jumped 259% YoY to $56.4bn; computer exports +497%; petroleum products +80%; autos +18%. The ministry said AI-driven demand is sustaining export strength. Strong exports have further reinforced market expectations for a Bank of Korea rate hike this month.

North America has switched to standard time. US and Canadian market trading hours and scheduled economic data release times will be one hour later than during daylight saving time. The next data release is due in 10 minutes.