EN Home › Market Briefing · published Nov 5, 2026 morning (KST) · prices as of 2026-11-04 close한국어

US 10Y 4.90% lower, DAX higher: Nov 5 Korea market briefing

Democrats won a sweeping victory in the US midterm elections, and the US 10-year Treasury yield fell 5.0bp to 4.900% on the same day. Germany's DAX rose 2.22% and the Nasdaq 100 gained 0.91%, while the Nikkei 225 was the only one to fall, down 1.42%. Today, WTI crude, which stayed in the 96-dollar range amid tensions in the Strait of Hormuz, is worth watching together with the direction of rates.

Yesterday's closes

Indicator	Close	Change	%
USD/KRW11-03	1,345.1	-0.9	-0.07%
Dollar Index11-04	101.41	-0.35	-0.35%
USD/JPY11-04	158.50	+0.23	+0.15%
US 10Y Yield11-04	4.900%	-5.0bp	-
Korea 3Y Yield11-04	3.703%	-2.3bp	-
KOSPI 20011-04	889.25	+3.58	+0.40%
Nasdaq 10011-04	28,437.17	+256.91	+0.91%
Nikkei 22511-04	62,188.63	-893.23	-1.42%
Hang Seng11-04	23,919.50	+393.53	+1.67%
DAX11-04	26,437.67	+573.05	+2.22%
WTI Crude11-03	96.09	-0.37	-0.38%
Gold11-03	3,940.40	-29.20	-0.74%
Bitcoin11-05	80,237	+2,802	+3.62%

The date next to each indicator is the trading day of that close. Bitcoin is the spot price at publication (7am KST). Yield changes are in bp (0.01 pp).

FX & Rates

The US 10-year Treasury yield fell 5.0bp from 4.950% to 4.900% but remains above its 100-day average of 4.802%. The Korea 3-year yield also fell, closing 2.3bp lower at 3.703% and staying below its 100-day average of 3.849%. The Dollar Index fell 0.35% to 101.41. USD/JPY rose 0.15% to 158.50 yen per dollar, almost exactly at its 100-day average. USD/KRW was 1,345.1 won per dollar at the November 3 close, down 0.07% and effectively flat. Keep in mind that this figure is a day older than the others, so it may not yet reflect the dollar's weakness on November 4.

Equities

The KOSPI 200 closed 0.40% higher at 889.25 but is still 18.52% below its 100-day average of 1,091.32. The Nasdaq 100 closed 0.91% higher at 28,437.17. In Europe, Germany's DAX rose 2.22% to 26,437.67, 3.48% above its 100-day average. Asia was mixed: the Hang Seng rose 1.67%, while the Nikkei 225 fell 1.42% to 62,188.63.

Commodities & Crypto

WTI crude was 96.09 dollars at the November 3 close, down 0.38%, but it remains 10.90% above its 100-day average of 86.65 dollars. Gold fell 0.74% on the same basis to 3,940.40 dollars, 7.09% below its 100-day average. Bitcoin stood at 80,237 dollars as of 07:00 KST, up 3.62% from the previous day and the biggest mover in the market table. Bitcoin's change compares the current price with the previous daily close at 09:00 KST, so it is measured at a different point in time from the other assets.

News and Markets

The US military struck Iran's Qeshm Island near the Strait of Hormuz, and tensions in the strait continue. Reports said oil and energy prices are staying high. WTI crude trading well above its 100-day average ties directly to this risk in the strait. Democrats won majorities in both the House and the Senate in the US midterms, and some analysts say this could weaken the Trump administration's momentum on tariffs and foreign policy. However, nothing in the data shows that the same day's fall in yields and rise in stocks was caused by the election result. The hacking of Binance by North Korean hackers is a variable worth noting for crypto exchange security, but Bitcoin rose over the same period.

What to Watch Today

Alaska and Maine use ranked-choice voting, so the final Senate results may take several days. The end of the vote count and any comments on policy are worth checking. Reports of US military plans for further strikes on Iran make the situation in the Strait of Hormuz and the WTI crude price key variables to watch. Russia-US-Ukraine peace talks are scheduled for November 10-11 in Abu Dhabi, so the reaction of European stocks such as Germany's DAX is another indicator to check. USD/KRW may not yet reflect the Dollar Index's fall on November 4, so its moves after today's market open are worth checking. This is a summary of information, not investment advice.

Yesterday's key world news

Democrats sweep US midterms, Trump faces lame-duck status· Politics
Democrats won majorities in both the House and the Senate in the US midterm elections, including both the Senate and governor races in the Republican stronghold of Texas. Trump's weaker legislative momentum could increase volatility in tariff and foreign policy and in stock markets.
US strikes Iran's Qeshm Island in Strait of Hormuz, raising escalation fears· Geopolitics
The US carried out 'defensive' strikes on Iran's Qeshm Island near the Strait of Hormuz, and the NYT reported US military plans to begin strikes on Iran right after the election. Tensions in the strait are keeping oil, energy and fertilizer prices high.
Trump announces halt to $4 billion annual aid to Israel· Geopolitics
Trump announced an end to the 4 billion dollars in annual aid to Israel, though arms sales will continue. With the risk of war with Iran, the US-Israel alliance could change shape.
Wave of cyberattacks hits European supermarket refrigeration systems· Tech & Industry
Hackers attacked refrigeration systems in supermarkets across several European countries, pushing fridge temperatures as high as 50 degrees and forcing large amounts of food to be thrown away. Because no money was demanded, there are concerns this was hybrid warfare aimed at infrastructure.
Russia-US-Ukraine peace talks resume in Abu Dhabi· Geopolitics
Three-way peace talks between Russia, the US and Ukraine will be held in Abu Dhabi on November 10-11, the first in nine months. Ahead of the talks, a Russian bombing killed at least 33 people at an aid distribution point. The outcome could have a major effect on a ceasefire and European security.

Full country-by-country summaries for Nov 4, 2026 (Korean) →

US 10-year Treasury yieldUSD/KRW exchange rateKOSPI 200Nasdaq 100DAX indexWTI crude oil priceBitcoin priceUS midterm elections

This briefing is an automated summary of public market data and news-broadcast summaries from several countries, for information only — not investment advice. Figures follow the table's source data; markets may have moved since publication.