{"id":81138,"date":"2026-06-05T16:42:53","date_gmt":"2026-06-05T06:42:53","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=81138"},"modified":"2026-06-05T16:42:54","modified_gmt":"2026-06-05T06:42:54","slug":"friday-5th-june-2026-south-korea-stocks-lead-asia-lower-as-tech-sell-off-deepens","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/friday-5th-june-2026-south-korea-stocks-lead-asia-lower-as-tech-sell-off-deepens\/","title":{"rendered":"Friday 5th June 2026: South Korea Stocks Lead Asia Lower as Tech Sell-Off Deepens"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u00a0Asian Stock Markets : Nikkei down 1.57%, Shanghai Composite down 0.43% Hang Seng down 0.93% ASX down 0.71%<\/li>\n\n\n\n<li>Commodities : Gold at $4,469.30 (-0.79%) Silver at $72.920 (-1.42%), Brent Oil at $95.43 (0.44%), WTI Oil at $93.16 (0.15%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.476, UK 10-year yield at 4.9010, Germany 10-year yield at 3.0237<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(USD) Unemployment Claims\u00a0 122K\u00a0 to 118K \u00a0 expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asian markets fell sharply on Friday, led by South Korea, as weakness in U.S. technology stocks spread across the region. South Korea\u2019s Kospi tumbled 4.11%, with major chipmakers Samsung Electronics and SK Hynix dropping 6% and 8%, respectively. The small-cap Kosdaq index also declined 2.41%.<\/p>\n\n\n\n<p>Investor sentiment was further dampened after South Korea\u2019s labor minister called on major technology firms to share more of the profits generated by the AI-driven semiconductor boom with workers and suppliers, warning that record earnings could widen income inequality.<\/p>\n\n\n\n<p>Elsewhere, Japan\u2019s Nikkei 225 fell 1.1%, Australia\u2019s S&amp;P\/ASX 200 slipped 0.2%, Hong Kong\u2019s Hang Seng Index lost 0.46%, and China\u2019s CSI 300 eased 0.29%.<\/p>\n\n\n\n<p>The regional weakness followed a mixed session on Wall Street, where the Dow Jones Industrial Average surged 874.86 points, or 1.73%, to a record close of 51,561.93. In contrast, the tech-heavy Nasdaq Composite slipped 0.09%, while the S&amp;P 500 gained 0.41%.<\/p>\n\n\n\n<p>The sell-off was triggered by Broadcom\u2019s more than 12% decline after the chipmaker reported fiscal second-quarter revenue below expectations. The weakness spread across semiconductor stocks, with the VanEck Semiconductor ETF falling over 1%, Arm Holdings losing more than 4%, and Micron Technology dropping nearly 8%.<\/p>\n\n\n\n<p>Markets were also pressured by uncertainty surrounding efforts to end the Middle East conflict, which has fueled concerns over higher oil and gasoline prices.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:<br \/><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>12:30 PM GMT &#8211; USD Non-Farm Employment Change<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asian markets fell sharply [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-81138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/81138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=81138"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/81138\/revisions"}],"predecessor-version":[{"id":81139,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/81138\/revisions\/81139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/79441"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=81138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=81138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=81138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}