Tech losses weigh on global markets ahead of US midterm elections, while oil prices rise

Shares are mostly lower in Europe and Asia and U.S. futures have also declined ahead of the U.S. midterm elections. Oil prices climbed after the United States conducted defensive strikes on some Iranian targets in the Strait of Hormuz. Markets in Tokyo were closed for a holiday. Australian shares rose after the central bank raised its key interest rate to 4.85%, the highest level in 18 years. The outcome of Tuesday’s vote could fundamentally reshape U.S. President Donald Trump’s final two years