Stocks Wilt, Dollar Slides as Early Midterm Results Point to Blue Sweep

STOCK MARKET - SINGAPORE. US stock futures slumped, Treasuries rallied and the dollar softened on Wednesday as Democrats notched early Senate wins, raising the prospect of a blue sweep in the US midterm elections in a major setback to President Donald Trump and Republicans.

In North Carolina, former Governor Roy Cooper easily defeated Trump-backed Republican Michael Whatley to flip a Republican-held Senate seat, handing Democrats one of the four net gains they need to secure a majority.