
Korean stocks faced policy uncertainty after Democrats regained control of both chambers of the US Congress, with analysts saying sweeping changes are unlikely given Trump's veto power. The KOSPI closed up 0.62% at 5,683.80 after a volatile session, and the won weakened to 1,341.5 per dollar.
Divided government is seen limiting US fiscal expansion, which could ease pressure on US yields and the dollar, a mild positive for dollar-denominated feed commodity prices. Impact on grain and feed prices is indirect.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.