Asian stock markets faced a sharp sell-off on June 5, 2026. South Korea’s KOSPI plunged 5.54%, triggering a sell-side sidecar, while Nikkei and Hang Seng fell on a technology rout sparked by Broadcom’s disappointing AI revenue guidance.
US stocks rotated beyond AI on June 4 as the Dow hit a record and the S&P 500 rose, while Europe gained on lower oil and defensive flows.
Asian markets dropped June 4 as Wall Street’s selloff, stalled Iran talks, and Broadcom’s AI guidance miss weighed on chips. South Korea’s KOSPI fell 1.84% on reopening, but the KOSDAQ surged 2.31% on sector rotation and government stimulus hopes. Nikkei, Hang Seng, and Shanghai also declined.
Wall Street’s nine-day rally snapped on June 3 as stalled US-Iran negotiations pushed oil toward $97 and the 10-year Treasury yield approached 4.5%. European automakers and airlines fell, while Broadcom’s AI chip blowout missed on software. Here’s the full breakdown.
Tuesday brought a session of extraordinary tension in Korea and a clear signal for the broader Asia tech trade: the KOSPI touched a new all-time intraday high of 8,933.62 before sellers reasserted control, closing the index barely in the green at 8,801.49 (+0.15%). MarketWatch described the underlying dynamic on June 2: the AI trade is … Read more
Monday’s session delivered a sharp bifurcation across Western markets: Wall Street extended its record-breaking streak for an eighth consecutive session, led by semiconductor stocks riding the global AI hardware wave, while European equities retreated as a fresh round of U.S. military strikes on Iran sent Brent crude surging more than 3%. The session underscored a … Read more
Monday, June 1 opened the new trading month with a bang across Asia’s major exchanges, as the global AI-driven tech rally continued to overpower fresh geopolitical headwinds. Korea’s KOSPI powered to new all-time highs, driven by Samsung’s historic HBM4E milestone and continued AI chip momentum. Japan’s Nikkei 225 also set a new record intraday peak. … Read more
Friday, May 29, delivered a historic session on Wall Street. The S&P 500 and Nasdaq both hit fresh all-time records, while the Dow Jones crossed above 51,000 for the first time, as the Iran ceasefire deal was increasingly treated by markets as a done deal. Investor’s Business Daily confirmed: “Dow Closes Above 51,000; Nasdaq, S&P … Read more
Asian equity markets largely surged on Friday, May 29, as the previous night’s dramatic US reversal — fueled by reports of a 60-day US-Iran ceasefire framework — gave markets in Japan and Korea a powerful tailwind. Japan’s Nikkei 225 led gains across the region, while Korea’s large-cap index posted one of its strongest single-day advances … Read more
Wall Street staged a dramatic intraday reversal on Thursday, May 28, closing firmly higher after early losses driven by fresh US airstrikes near Iran’s Strait of Hormuz gave way to optimism over a potential 60-day ceasefire framework. European markets, which closed before Washington fully confirmed the deal, finished solidly in the red. US Markets: A … Read more