Asian equities gave up early gains after early results showed Democrats are set to retake control of. Early Democratic election projections hint at a full US Congress takeover, sparking global market jitters. Wall Street futures and Asian shares plunged. Asian markets traded lower ahead of US midterms and refunding plans. Kospi fell 2.7%, Taiex 1.9%, while crude stabilised near $105. Indian equities may open flat to soft amid global caution.