The US elections have already had some impact on markets, particularly those with larger tech sectors like Japan, South Korea and also Taiwan.

There are signs the US market might get off to a shaky start to trade tonight as well.

Projections that the Democrats could take control of Congress has created a bit more uncertainty for markets for now, and also perhaps raise the likelihood of greater AI and data centre regulation in the United States in coming years.

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Now, the Australian share market is also under a bit of pressure, but we did lift off our lows this afternoon.

BHP and Rio Tinto, two stocks that have benefited from the AI boom, thanks to surging demand for copper, are both down today.

Elsewhere, Qantas and Virgin Australia lost some ground, noting they surged yesterday on hopes of Middle East peace talks, which helped oil prices slide.

The banks are mixed today with Macquarie down most ahead of its profit results due on Friday.

The Aussie dollar is down slightly, buying about 69.7 US cents.

This article is published as part of a paid partnership with the CommSec.

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Facts and dates are correct at the time of publication. This is general information only and does not constitute personal financial advice. Consider seeking advice from a qualified financial professional before making financial decisions.