Asian markets settle lower tracking global tech selloff

The Kospi index crashed over 8%, tripping a circuit breaker that paused all trading for 20 minutesAsian markets settle lower tracking global tech selloff – Latest News

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08 Jun 2026
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Asian markets settled lower on Monday tracking a global tech selloff, higher US bond yields and as a surprisingly strong US jobs report added to fears that the Federal Reserve will keep interest rates higher for longer. Market sentiments were also dampened by rising Brent Crude prices after Iran and Israel exchanged missile strikes casting doubt on the future of a fragile ceasefire in the Middle East. Japanese shares slumped tracking Wall Street’s fall last Friday and after data showed the Japanese economy grew at a slower pace in the January to March quarter than had been initially estimated. The Kospi index crashed over 8%, tripping a circuit breaker that paused all trading for 20 minutes. This event was triggered for the nineth time in the index’s history, marking the third time it has happened this year.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,959.34

-68.40

-1.70

Hang Seng

24,657.06

-304.89

-1.22

Jakarta Composite

5,342.14

-252.63

-4.73

KLSE Composite

1,679.52

-13.91

-0.82

Nikkei 225

64,024.60

-2,563.52

-3.85

Straits Times

4,963.67

-86.29

-1.71

KOSPI Composite

7,484.41

-676.18

-8.29

Taiwan Weighted

43,502.78

-1,568.16

-3.48


 

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