Geopolitics Alpha

US midterm elections — How Market Volatility and Interest Rates Impact Kospi

Published . Updated .

Key takeaways

  • Exposed: TLT, IEF, EWY, CEW, EMB
  • Market reaction: TLT −1.1% by the next session (still updating); IEF −0.7% by the next session (still updating); EWY +1.9% by the next session (still updating)

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GEOPOLITICS ALPHAUS midterm elections — How MarketVolatility and Interest RatesImpact KospiGEOPOLITICS ALPHA

This report is about US interest rates and South Korea.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond ETF-1.6% 30d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “interest rates” (US interest rates) in this story.

  • IEF iShares 7-10 Year Treasury Bond ETF-0.8% 30d

    iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “interest rates” (US interest rates) in this story.

  • EWY iShares MSCI South Korea ETF-21.2% 30d

    iShares MSCI South Korea ETF holds stocks listed in South Korea, which this story is about (“kospi”).

  • CEW WisdomTree Emerging Currency Strategy Fund

    WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from South Korea.

  • EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-1.9% 10d

    iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in South Korea

  • EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d

    VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from South Korea.

  • EEM iShares MSCI Emerging Markets ETF-0.0% 30d

    iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes South Korea

  • JPM JPMorgan Chase+0.2% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “interest rates” (US interest rates) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLT-0.20%-1.03%base-0.17%-1.06%after closeafter close
IEF-0.69%-0.98%base-0.25%-0.72%after closeafter close
EWY-0.14%+8.46%base-0.87%+1.94%after closeafter close
CEW+0.00%+0.00%base+0.00%after closeafter closeafter close
EMB-0.61%-0.30%base-0.29%-0.57%after closeafter close
EMLC+0.08%+0.20%base-0.10%-0.31%after closeafter close
EEM+1.28%+4.10%base+0.15%+0.52%after closeafter close
JPM-0.92%+0.67%base+1.05%+0.65%after closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

US midterm elections — How Market Volatility and Interest Rates Impact Kospi The Korea Daily

Source: The Korea Daily

Ishares Tr (TLT) since this story, compared with the market

CompanyWhenMoveStatus
Wisdomtree Tr (CEW)that day0.00%final price
Wisdomtree Tr (CEW)three days earlier0.00%final price
Wisdomtree Tr (CEW)five days earlier0.00%final price
Ishares Tr (EEM)that day+0.15%final price
Ishares Tr (EEM)the next day+0.52%still updating
Ishares Tr (EEM)three days earlier+4.10%final price
Ishares Tr (EEM)five days earlier+1.28%final price
Ishares Tr (EMB)that day-0.29%final price
Ishares Tr (EMB)the next day-0.57%still updating
Ishares Tr (EMB)three days earlier-0.30%final price
Ishares Tr (EMB)five days earlier-0.61%final price
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)that day-0.10%final price
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)the next day-0.31%still updating
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)three days earlier+0.20%final price
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)five days earlier+0.08%final price
Ishares Msci South Korea Etf (EWY)that day-0.87%final price
Ishares Msci South Korea Etf (EWY)the next day+1.94%still updating
Ishares Msci South Korea Etf (EWY)three days earlier+8.46%final price
Ishares Msci South Korea Etf (EWY)five days earlier-0.14%final price
Ishares Tr (IEF)that day-0.25%final price
Ishares Tr (IEF)the next day-0.72%still updating
Ishares Tr (IEF)three days earlier-0.98%final price
Ishares Tr (IEF)five days earlier-0.69%final price
Jpmorgan Chase (JPM)that day+1.05%final price
Jpmorgan Chase (JPM)the next day+0.65%still updating
Jpmorgan Chase (JPM)three days earlier+0.67%final price
Jpmorgan Chase (JPM)five days earlier-0.92%final price
Ishares Tr (TLT)that day-0.17%final price
Ishares Tr (TLT)the next day-1.06%still updating
Ishares Tr (TLT)three days earlier-1.03%final price
Ishares Tr (TLT)five days earlier-0.20%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Ishares Tr (TLT)

Companies mentioned with this story

  • TLT Ishares Tr

    Ishares Tr (TLT) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “US midterm elections — How Market Volatility and Interest Rates Impact Kospi.” Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “interest rates” (US interest rates) in this story

  • IEF Ishares Tr

    For “US midterm elections — How Market Volatility and Interest Rates Impact Kospi,” Ishares Tr (IEF) is linked, with no stored direction, medium confidence. Reason on file: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “interest rates” (US interest rates) in this story

  • EWY Ishares Msci South Korea Etf

    Ishares Msci South Korea Etf (EWY) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “US midterm elections — How Market Volatility and Interest Rates Impact Kospi.” Reason on file: iShares MSCI South Korea ETF holds stocks listed in South Korea, which this story is about (“kospi”)

  • CEW Wisdomtree Tr

    Wisdomtree Tr (CEW) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “US midterm elections — How Market Volatility and Interest Rates Impact Kospi.” Reason on file: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from South Korea

  • EMB Ishares Tr

    In “US midterm elections — How Market Volatility and Interest Rates Impact Kospi,” Ishares Tr (EMB) is linked, with no stored direction, medium confidence. Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in South Korea

  • EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf

    In “US midterm elections — How Market Volatility and Interest Rates Impact Kospi,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from South Korea

  • EEM Ishares Tr

    In “US midterm elections — How Market Volatility and Interest Rates Impact Kospi,” Ishares Tr (EEM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes South Korea

  • JPM Jpmorgan Chase

    For “US midterm elections — How Market Volatility and Interest Rates Impact Kospi,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “interest rates” (US interest rates) in this story

Ishares Tr (TLT)

The 2 Nov 2026 story “US midterm elections — How Market Volatility and Interest Rates Impact Kospi” names Ishares Tr (TLT) because of this story.

For Ishares Tr (TLT), the reason on file says iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “interest rates” (US interest rates) in this story

Ishares Tr (IEF) is here too. Its reason reads: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “interest rates” (US interest rates) in this story

Price levels for Ishares Tr (TLT)

EWY traded between 148.30 and 190.33 across 20 sessions. The latest close on file is 151.81. IEF traded between 88.64 and 91.23 across 20 sessions. The latest close on file is 90.08. TLT traded between 76.44 and 81.94 across 20 sessions. The latest close on file is 79.46.

A simple score for Ishares Tr (TLT)

46 out of 100Price not final

“US midterm elections — How Market Volatility and Interest Rates Impact Kospi” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.