The Democrats won control of both chambers of Congress, according to projections by U.S. media outlets, dealing a resounding defeat to President Donald Trump’s Republicans in the midterm elections.
Having already won the House of Representatives, the Democrats won Senate seats in Republican strongholds such as Kansas and Texas and will be able to significantly limit the powers of the U.S. President toward the end of.
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U.S. President Donald Trump assured on Tuesday that he would accept the results of the midterm elections —at a time when his party, the Republicans, was facing a very heavy defeat in yesterday’s vote—during an interview with The New York Times.
“I am fully prepared to accept these results,” the U.S. President specifically told the newspaper. “We will work together with the Democrats. We’re eager, you know, to work with them. We’ll probably find common ground,” the White House occupant added.
The initial results of the U.S. midterm elections, which pointed to gains for the Democratic Party and heightened the prospect of a political stalemate, put downward pressure on the dollar and triggered losses on Asian stock markets.
Around 4:00 a.m. (Cyprus time), the dollar was down 0.65% against the Japanese yen, at 157.65 yen, and was also down 0.41% against the euro. Meanwhile, on the Tokyo Stock Exchange, the Nikkei index was down nearly 3%, while on the Seoul Stock Exchange, the Kospi index was down 1.39%.
Up-to-the-minute coverage of all developments from AlphaNews.Live:
