Tech and chip stocks staged a comeback on June 8 as Micron surged 10%, while oil spiked on Iran-Israel tensions and European markets drifted lower. Full market breakdown inside.
Asian markets suffered their worst day in years on June 8, 2026. KOSPI triggered a circuit breaker after an 8% open plunge, Samsung fell below 300,000 won, and Nikkei shed 4% as a Nasdaq chip rout, Iran-Israel strikes, and Fed rate-hike fears collided.
On June 5, the Nasdaq fell 4.18% — its steepest drop since April 2025 — as Broadcom held AI guidance flat and the May jobs report shocked with 172K jobs. Here is the full breakdown and what it means for the week ahead.
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