Asian tech stocks declined in Wednesday morning trading as preliminary results from the 2026 US midterm elections showed Democrats performing favorably, intensifying bets on a sweeping Democratic victory. Investors grew concerned that such an outcome could slow AI investment flowing into Asia's tech-intensive markets. Nasdaq-linked US futures dropped approximately 1.5% on the Chicago Mercantile Exchange, while South Korea's KOSPI index reversed early gains to trade lower amid weakness in chip stocks. As of around 8 p.m. Eastern Time on November 3, early election results were gradually released. About 10 Senate races had been called, with Democrats holding 43 seats and Republicans 32—a net gain of one seat for Democrats. In the House, roughly 64 races had been called, showing Democrats at 45 seats and Republicans at 19. Chris Weston, head of research at Pepperstone, noted that either a decisive Democratic win or a surprise Republican Senate victory could trigger large-scale position adjustments across markets.