New Delhi, Nov. 4 -- Global stock markets erased a selloff sparked by a Democratic sweep of the US Congress, as uncertainty surrounding the midterms faded and dip-buyers rushed back into a bruised market.

Equities reversed earlier losses, trading firmly in the green, while Treasuries rallied with gold. Investors are reassured the results aren't likely to swiftly change the status quo, with opportunities opening up in different parts of the market which had sold off recently, like technology.

President Donald Trump congratulated Democrats for doing "a good job" after they inflicted devastating losses on his Republican allies, winning back both houses of Congress and picking up several governors' mansions.

"While the present uncertainty ...