KOSPI Index plunged by 352.57 points or 4.35% to 7,744.36Asian markets trade mostly lower in early deals on Wednesday – Latest News
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10 Jun 2026
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Asian markets traded mostly lower in early deals on Wednesday, saddled by the risk aversion after the United States launched retaliatory military strikes against Iran. Any conflict compromising Middle Eastern maritime routes threatens to precipitate a severe macroeconomic crisis driven by inflated energy prices. Technology stocks experienced significant headwinds following a broad selloff in US semiconductor sector. Profit taking amid growing anxiety that the recent AI-driven rally led to inflated valuations, also pressured the local indices. South Korea’s KOSPI plugged after the Broadcom’s recent AI revenue guidance miss heightened vulnerability in the global semiconductor sector, stoking market concerns regarding a near-term cyclical peak.
Nikkei tumbled by 925.63 points or 1.41% to 64,491.00, Hang Seng narrowed by 299.90 points or 1.24% to 24,266.00, Straits Times descended by 52.34 points 1.04% to 4,970.91, Taiwan weighted curtailed by 613.82 points or 1.37% to 44,090.62, KOSPI Index plunged by 352.57 points or 4.35% to 7,744.36, Shanghai Composite down by 23.37 points or 0.58% to 3,986.66.
On the flip side, Jakarta Composite peaked by 92.72 points or 1.61% to 5,839.37, and FTSE Bursa Malaysia KLCI index up by 5.73 points or 0.34% to 1,681.23
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