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The Australian share market posted its strongest trading day since April. The All Ords index jumped 2.8 per cent after a massive fall in oil prices overnight. Investors are betting the Democratic 'blue wave' will constrain Donald Trump's power and lead to a quicker end to the Iran War. Shares of Myer surged another 13 per cent following the collapse of its rival David Jones. NAB shares fell sharply after the bank reported a 9 per cent drop in annual profit. Shares of Nvidia, AI chipmakers and Elon Musk's companies Tesla and SpaceX tumbled after the Democrats' stronger-than-expected victory in the US midterm elections. Presented by David Chau. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-11-05/asx-markets-business-live-news-november-5-2026/107347286 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #ABCBusiness
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