According to CoinMeta, as the Democratic Party won both the House of Representatives and the Senate in the U.S. midterms, the stock prices of South Korean battery manufacturers soared. New Energy rose by over 4%, Samsung rose by over 10%, and Innovion rose by over 2%. Battery material manufacturer Pocheon Holdings and LG Chemical both rose by over 2%. Investors expect that the Democratic Party will tend to pursue policies that place more emphasis on climate protection, such as supporting the development of electric vehicles. As a result, South Korea's Composite Stock Price Index has recovered from earlier losses and turned upward, with the rise in battery manufacturers' stock prices offsetting the drag caused by the decline in chip manufacturers' stock prices.