- Barry Adams
- 09 Jun, 2026
- New York City
Wall Street indexes extended the previous session's gains in Tuesday's trading, and crude oil prices traded volatile with a downward bias.
The S&P 500 index increased 0.4%, and the tech-heavy Nasdaq Composite advanced 0.6% amid a global recovery in chip stocks.
Nvidia, Marvell Technology, Intel, AMD, Broadcom, SanDisk, Micron Technology, and Taiwan Semiconductor jumped between 4% and 10% in Monday's trading, as investors overlooked rising bond yields.
The Nasdaq Composite plunged 4%, and semiconductor stocks plunged as much as 12% in Friday's trading after the U.S. economy added more-than-expected net new jobs in May.
The jobs report stoked fears that the Federal Reserve policy may be forced to keep interest rates higher for longer, slowing economic growth and increasing the cost of building artificial intelligence infrastructure.
Benchmark indexes in Japan, Hong Kong, and South Korea rebounded as much as 2% from the sharp selloff on Monday as investors adjusted to higher bond yields in the U.S. and Japan.
West Texas crude oil prices decreased 2% to $89.41 a barrel amid reports that Israel and Iran have suspended their latest round of missile strikes, easing concerns that the ongoing conflict could prolong the reopening of the Strait of Hormuz.
U.S. Movers
Vail Resorts decreased 3.4% to $131.99 after the luxury ski resort operator lowered its annual adjusted operating earnings outlook.
Vail Resorts lowered its annual estimate to between $739 million and $761 million compared to the previous estimate between $745 million and $775 million.
The company blamed challenging weather conditions for the reduced demand at its resorts in the western U.S. that persisted in the third quarter.
Revenue in the fiscal third quarter ending in April decreased to $1.20 billion from $1.3 billion, net income dropped to $340 million from $411.3 million, and diluted earnings per share fell to $8.81 from $10.46 a year ago.
Designer Brands decreased 1.1% to $8.81 after the shoe retailer reported its financial results for the fiscal first quarter ending on May 2.
Consolidated net sales increased 1.4% to $696.4 million from $686.9 million, net income attributable to shareholders swung to a profit of $1.2 million from a loss of $17.8 million, and diluted earnings per share were 2 cents compared to a loss of 37 cents a year ago.
Total comparable sales decreased 1.1%, better than a 7.8% decrease in the period a year ago, as the retail store network continued to struggle in attracting customers.
The retailer estimated full-year fiscal 2026 revenue to increase by plus or minus 1% and diluted earnings per share to range between 28 cents and 38 cents.
Land's End advanced 5% and United Natural Foods decreased 7%, and both companies are scheduled to release their quarterly results later in the day.
- Barry Adams
- 09 Jun, 2026
- New York City
Wall Street indexes extended the previous session's gains in Tuesday's trading, and crude oil prices traded volatile with a downward bias.
The S&P 500 index increased 0.4%, and the tech-heavy Nasdaq Composite advanced 0.6% amid a global recovery in chip stocks.
Nvidia, Marvell Technology, Intel, AMD, Broadcom, SanDisk, Micron Technology, and Taiwan Semiconductor jumped between 4% and 10% in Monday's trading, as investors overlooked rising bond yields.
The Nasdaq Composite plunged 4%, and semiconductor stocks plunged as much as 12% in Friday's trading after the U.S. economy added more-than-expected net new jobs in May.
The jobs report stoked fears that the Federal Reserve policy may be forced to keep interest rates higher for longer, slowing economic growth and increasing the cost of building artificial intelligence infrastructure.
Benchmark indexes in Japan, Hong Kong, and South Korea rebounded as much as 2% from the sharp selloff on Monday as investors adjusted to higher bond yields in the U.S. and Japan.
West Texas crude oil prices decreased 2% to $89.41 a barrel amid reports that Israel and Iran have suspended their latest round of missile strikes, easing concerns that the ongoing conflict could prolong the reopening of the Strait of Hormuz.
U.S. Movers
Vail Resorts decreased 3.4% to $131.99 after the luxury ski resort operator lowered its annual adjusted operating earnings outlook.
Vail Resorts lowered its annual estimate to between $739 million and $761 million compared to the previous estimate between $745 million and $775 million.
The company blamed challenging weather conditions for the reduced demand at its resorts in the western U.S. that persisted in the third quarter.
Revenue in the fiscal third quarter ending in April decreased to $1.20 billion from $1.3 billion, net income dropped to $340 million from $411.3 million, and diluted earnings per share fell to $8.81 from $10.46 a year ago.
Designer Brands decreased 1.1% to $8.81 after the shoe retailer reported its financial results for the fiscal first quarter ending on May 2.
Consolidated net sales increased 1.4% to $696.4 million from $686.9 million, net income attributable to shareholders swung to a profit of $1.2 million from a loss of $17.8 million, and diluted earnings per share were 2 cents compared to a loss of 37 cents a year ago.
The retailer estimated full-year fiscal 2026 revenue to increase by plus or minus 1% and diluted earnings per share to range between 28 cents and 38 cents.
Land's End advanced 5% and United Natural Foods decreased 7%, and both companies are scheduled to release their quarterly results later in the day.
- Akira Ito
- 09 Jun, 2026
- Tokyo
Japan's indexes rebounded on Tuesday and ended a three-day losing streak amid a rebound in technology and artificial intelligence stocks.
The Nikkei 225 Stock Average soared 1.7%, the broader TOPIX gained 0.8%, and the yen traded at 160.14 against the U.S. dollar.
AI- and semiconductor-linked stocks recovered following overnight gains on Wall Street as investors returned to increase exposure to high-flying stocks.
The yield on 10-year Japanese government bonds increased to 2.67%, as investors continued to support the case for a rate hike following the Bank of Japan's policy meeting later this month.
Brent crude oil prices eased 1.3% to $93.22 a barrel after Iran and Israel halted the latest round of strikes against each other, easing concerns that a wider conflict could prolong the reopening of commercial shipments through the Strait of Hormuz.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1.7% to 65,123.87, and the broader TOPIX advanced 0.8% to 3,884.06.
Kioxia Holdings increased 3%, Tokyo Electron advanced 9%, Advantest Corp. gained 4%, Murata Manufacturing 3%, and Taiyo Yuden surged 21%.
- Akira Ito
- 09 Jun, 2026
- Tokyo
Japan's indexes rebounded on Tuesday and ended a three-day losing streak amid a rebound in technology and artificial intelligence stocks.
The Nikkei 225 Stock Average soared 1.7%, the broader TOPIX gained 0.8%, and the yen traded at 160.14 against the U.S. dollar.
AI- and semiconductor-linked stocks recovered following overnight gains on Wall Street as investors returned to increase exposure to high-flying stocks.
The yield on 10-year Japanese government bonds increased to 2.67%, as investors continued to support the case for a rate hike following the Bank of Japan's policy meeting later this month.
Brent crude oil prices eased 1.3% to $93.22 a barrel after Iran and Israel halted the latest round of strikes against each other, easing concerns that a wider conflict could prolong the reopening of commercial shipments through the Strait of Hormuz.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1.7% to 65,123.87, and the broader TOPIX advanced 0.8% to 3,884.06.
Kioxia Holdings increased 3%, Tokyo Electron advanced 9%, Advantest Corp. gained 4%, Murata Manufacturing 3%, and Taiyo Yuden surged 21%.
- Li Chen
- 09 Jun, 2026
- Hong Kong
China's indexes traded mixed on Tuesday as investors reviewed the better-than-expected international trade data.
The Hang Seng Index decreased 0.2%, and the mainland-focused CSI 300 Index edged higher 0.8% as China's exports growth accelerated in May despite tensions in the Middle East.
China's International Trade Surplus Expanded In May
China's annual export growth accelerated to 19.4% to $376.8 billion, higher than 14% in the previous month, according to the General Administration of Customs.
Businesses continued to build inventories amid price pressures and tight supply conditions, and direct shipments to the U.S. decreased 2.7% from a year ago.
Exports to the ASEAN region, the largest market for Chinese products, increased 7.6% and to the EU 24.3%.
Shipments to the U.S. soared by 35%, as demand recovered from the low base of the last year because of the start of the sky-high U.S. tariffs.
Value shipments of integrated circuits soared by 110.9%, while the volume increased by 2.1% compared to a year ago. Mechanical and electrical product shipments jumped 27.4% in value from a year ago.
Exports for the first five months to May soared 15.5% to $1.71 trillion, as persistent demand for AI-related electronic products and semiconductors supported growth.
In the period, exports to the ASEAN region, the largest market for Chinese products, increased 20.3%; to the EU, 16.4%; to South Korea, 28.5%; to Japan, 7.1%; and to Hong Kong, 45.5%.
By industry, steel shipments decreased 8.1%, integrated circuits by 8.7%, fertilizers by 19.1%, and pharmaceuticals by 7.6%.
China's imports advanced by 27.4% to $271.4 billion in May, accelerating from a 25.3% increase in the previous month, the customs agency report showed.
Imports rose for the 12th consecutive month, boosted by solid domestic demand despite rising cost pressures from supply chain disruptions and elevated energy costs due to war in the Middle East.
Crude oil imports increased 15.3% and fell by 29% in volume amid tighter supply conditions in the Middle East, and soybean imports declined 15.3% to 11.8 million tons.
Over the five-month period to May, imports surged 24.5% to $1.3 trillion, supported by the rise in receipts from the ASEAN by 21%, the EU by 8.6%, South Korea by 56.5%, Japan by 27.8%, and Hong Kong by a whopping 173.2%.
Purchases of semiconductors advanced 11.5%, integrated circuits by 52.1%, and copper ore by 36.7%, but natural gas declined by 10.1%.
China's trade surplus widened to $105.4 billion in May from $102.7 billion in the same period a year ago, as both exports and imports surged, marking the largest monthly gap since January.
China recorded a trade surplus of $84.8 billion in April, and shipments swelled by the rising demand for global AI infrastructure buildout and renewable energy products.
China's direct trade surplus with the U.S. advanced to $20.6 billion, and for the first five months of 2026, the overall trade surplus expanded to $451.7 billion, down from $472 billion the same period a year ago.
China Indexes and Stocks
The Hang Seng Index decreased 0.2% to 24,608.47, and the mainland-focused CSI 300 Index edged up 0.8% to 24,608.47.
Tech stocks rebounded from the previous session, tracking the global rebound in semiconductor and AI-related stocks.
Eoptolink Technology increased 3.2%, Zhongji Innolight increased 2%, and NAURA Technology gained 3.6%.
PetroChina gained 2.2%, Sinopec Oilfield Services dropped 5%, and China Petroleum and Chemical decreased 0.6%.
- Li Chen
- 09 Jun, 2026
- Hong Kong
China's indexes traded mixed on Tuesday as investors reviewed the better-than-expected international trade data.
The Hang Seng Index decreased 0.2%, and the mainland-focused CSI 300 Index edged higher 0.8% as China's exports growth accelerated in May despite tensions in the Middle East.
China's International Trade Surplus Expanded In May
China's annual export growth accelerated to 19.4% to $376.8 billion, higher than 14% in the previous month, according to the General Administration of Customs.
Businesses continued to build inventories amid price pressures and tight supply conditions, and direct shipments to the U.S. decreased 2.7% from a year ago.
Exports to the ASEAN region, the largest market for Chinese products, increased 7.6%, to the EU 24.3%, and soared by 35% to the U.S.
By industry, steel shipments decreased 8.1%, integrated circuits by 8.7%, fertilizers by 19.1%, and pharmaceuticals by 7.6%.
Exports for the first five months to May soared 15.5% to $1.71 trillion, as persistent demand for AI-related electronic products and semiconductors supported growth.
in the period, exports to the ASEAN region, the largest market for Chinese products, increased 20.3%, to the EU 16.4%, to South Korea 28.5%, to Japan 7.1%, and to Hong Kong 45.5%.
China's imports advanced by 27.4% to $271.4 billion in May, accelerating from a 25.3% increase in the previous month, the customs agency report showed.
Imports rose for the 12th consecutive month, boosted by solid domestic demand despite rising cost pressures from supply chain disruptions and elevated energy costs due to war in the Middle East.
Over the five-month period to May, imports surged 24.5% to $1.3 trillion, supported by the rise in receipts from the ASEAN by 21%, the EU by 8.6%, South Korea by 56.5%, Japan by 27.8%, and Hong Kong by a whopping 173.2%.
Purchases of semiconductors advanced 11.5%, integrated circuits by 52.1%, and copper ore by 36.7%, but natural gas declined by 10.1%.
China's trade surplus widened to $105.4 billion in May from $102.7 billion in the same period a year ago, as both exports and imports surged, marking the largest monthly gap since January.
China recorded a trade surplus of $84.8 billion in April, and shipments swelled by the rising demand for global AI infrastructure buildout and renewable energy products.
China's direct trade surplus with the U.S. advanced to $20.6 billion, and for the first five months of 2026, the overall trade surplus expanded to $451.7 billion, down from $472 billion the same period a year ago.
China Indexes and Stocks
The Hang Seng Index decreased 0.2% to 24,608.47, and the mainland-focused CSI 300 Index edged up 0.8% to 24,608.47.
Tech stocks rebounded from the previous session, tracking the global rebound in semiconductor and AI-related stocks.
Eoptolink Technology increased 3.2%, Zhongji Innolight increased 2%, and NAURA Technology gained 3.6%.
PetroChina gained 2.2%, Sinopec Oilfield Services dropped 5%, and China Petroleum and Chemical decreased 0.6%.
- Barry Adams
- 08 Jun, 2026
- New York City
Wall Street indexes attempted to rebound in early Monday's trading, following a sharp selloff on Friday, and volatile crude oil prices jumped amid renewed hostilities in the Middle East.
The S&P 500 Index increased 0.3%, and the tech-heavy Nasdaq Composite advanced 0.6% as investors searched for bargains after a steep decline in AI names.
Nvidia, Micron, Marvell Technology, SanDisk, and Broadcom plunged between 3% and 11% in Friday's trading after the U.S. nonfarm payrolls advanced at a faster-than-expected pace in May.
The increase in May's payroll supported the case for higher-for-longer interest rates and stoked fears of a rate hike as early as the next policy meeting ending on Wednesday, June 17.
The U.S. economy added 172,000 net new jobs in May, the jobless rate held at 4.3%, and the annual wage growth eased to 3.4% from 3.6% in the previous month, according to the latest update released by the U.S. Bureau of Labor Statistics. on Friday.
The change in total nonfarm payroll employment for March was revised up by 29,000, from 185,000 to 214,000, and the change for April was revised up by 64,000, from 115,000 to 179,000.
With these revisions, employment in March and April combined is 93,000 higher than previously reported, the BLS report noted.
The resilient job market confirmed that the elevated AI investment and upcoming sports events are supporting the employment growth in the leisure and entertainment and professional trades.
However, the recent increases in job growth are likely to fade in the second half, and economists are still estimating nonfarm payrolls to expand by less than 1.7 million, below the long-term average of 2 million.
Asian markets closed down following a global rout in tech stocks, and benchmark indexes in Japan dropped nearly 4%, in South Korea decreased 8.3%, and in India and Hong Kong eased 1%.
Markets in Europe struggled to advance on Monday, after losing between 1% and 2%, as investors soured on AI names amid valuation worries following a rally over the last ten weeks.
Crude oil prices rebounded in New York and London after Iran, Israel, and the U.S. exchanged fire in the Middle East.
West Texas Intermediate crude oil prices advanced 1.5% to $91.88 a barrel, and the international Brent crude oil prices jumped 1.5% to $94.45 a barrel.
Investors are increasingly focused on the commercial shipments through the Strait of Hormuz, as China and Japan struggle to refill the rapidly depleting crude oil inventories and Europe sources jet fuel from the U.S.-based refineries.
- Barry Adams
- 08 Jun, 2026
- New York City
Wall Street indexes attempted to rebound in early Monday's trading, following a sharp selloff on Friday, and volatile crude oil prices jumped amid renewed hostilities in the Middle East.
The S&P 500 Index increased 0.3%, and the tech-heavy Nasdaq Composite advanced 0.6% as investors searched for bargains after a steep decline in AI names.
Nvidia, Micron, Marvell Technology, SanDisk, and Broadcom plunged between 3% and 11% in Friday's trading after the U.S. nonfarm payrolls advanced at a faster-than-expected pace in May.
The increase in May's payroll supported the case for higher-for-longer interest rates and stoked fears of a rate hike as early as the next policy meeting ending on Wednesday, June 17.
The U.S. economy added 172,000 net new jobs in May, the jobless rate held at 4.3%, and the annual wage growth eased to 3.4% from 3.6% in the previous month, according to the latest update released by the U.S. Bureau of Labor Statistics. on Friday.
The change in total nonfarm payroll employment for March was revised up by 29,000, from 185,000 to 214,000, and the change for April was revised up by 64,000, from 115,000 to 179,000.
With these revisions, employment in March and April combined is 93,000 higher than previously reported, the BLS report noted.
The resilient job market confirmed that the elevated AI investment and upcoming sports events are supporting the employment growth in the leisure and entertainment and professional trades.
However, the recent increases in job growth are likely to fade in the second half, and economists are still estimating nonfarm payrolls to expand by less than 1.7 million, below the long-term average of 2 million.
Asian markets closed down following a global rout in tech stocks, and benchmark indexes in Japan dropped nearly 4%, in South Korea decreased 8.3%, and in India and Hong Kong eased 1%.
Markets in Europe struggled to advance on Monday, after losing between 1% and 2%, as investors soured on AI names amid valuation worries following a rally over the last ten weeks.
Crude oil prices rebounded in New York and London after Iran, Israel, and the U.S. exchanged fire in the Middle East.
West Texas Intermediate crude oil prices advanced 1.5% to $91.88 a barrel, and the international Brent crude oil prices jumped 1.5% to $94.45 a barrel.
Investors are increasingly focused on the commercial shipments through the Strait of Hormuz, as China and Japan struggle to refill the rapidly depleting crude oil inventories and Europe sources jet fuel from the U.S.-based refineries.
- Akira Ito
- 08 Jun, 2026
- Toronto
Japan's indexes fell sharply in Monday's trading, mirroring losses in technology stocks in Friday's trading in New York.
The Nikkei 225 Stock Average dropped about 5%, and the TOPIX declined 2.7% as the global weakness in tech stocks weighed on the market sentiment.
Japan's market indexes declined sharply on Monday, following the losses experienced on Wall Street the previous Friday.
Wall Street indexes plunged on Friday after the U.S. economy added more-than-expected jobs in May, raising the prospects that higher-for-longer interest rates could weigh on the economy and AI investment.
The U.S. economy added about 172,000 net new jobs in May, the jobless rate held at 4.3%, and the annual wage growth eased to 3.4% from 3.6% in the previous month, according to the latest update released by the U.S. Bureau of Labor Statistics.
The change in total nonfarm payroll employment for March was revised up by 29,000, from 185,000 to 214,000, and the change for April was revised up by 64,000, from 115,000 to 179,000.
With these revisions, employment in March and April combined is 93,000 higher than previously reported, the BLS report noted.
Japan's economy grew at an annual rate of 0.6% in the first quarter, up from 0.2% in the fourth quarter, in line with the preliminary data released by the Cabinet Office.
GDP expanded 0.5% from the previous quarter, matching the preliminary estimate and accelerating from the 0.2% increase in the fourth quarter of 2025, driven by a pickup in private consumption and easing cost pressures and steady wage growth.
Brent crude oil soared 4% to $97.46 a barrel amid renewed hostilities in the Middle East, and Israel and Iran exchanged aerial attacks and missile and drone strikes.
Japan Indexes and Stocks
The Nikkei 225 Stock Average dropped 4.5% to 63,585.45, and the TOPIX fell 3.2% to 3,823.89.
Semiconductor- and AI-linked stocks led the decliners in Tokyo in Monday's trading.
Renesas Electronics dropped 6%, SoftBank Group fell 9%, Advantest Corp. eased 5%, and Tokyo Electron decreased 6%.
- Akira Ito
- 08 Jun, 2026
- Toronto
Japan's indexes fell sharply in Monday's trading, mirroring losses in technology stocks in Friday's trading in New York.
The Nikkei 225 Stock Average dropped about 4%, and the TOPIX declined 2.7% as the global weakness in tech stocks weighed on the market sentiment.
Japan's market indexes declined sharply on Monday, following the losses experienced on Wall Street the previous Friday.
Wall Street indexes plunged on Friday after the U.S. economy added more-than-expected jobs in May, raising the prospects that higher-for-longer interest rates could weigh on the economy and AI investment.
The U.S. economy added about 172,000 net new jobs in May, the jobless rate held at 4.3%, and the annual wage growth eased to 3.4% from 3.6% in the previous month, according to the latest update released by the U.S. Bureau of Labor Statistics.
The change in total nonfarm payroll employment for March was revised up by 29,000, from 185,000 to 214,000, and the change for April was revised up by 64,000, from 115,000 to 179,000.
With these revisions, employment in March and April combined is 93,000 higher than previously reported, the BLS report noted.
Japan's economy grew at an annual rate of 0.6% in the first quarter, up from 0.2% in the fourth quarter, in line with the preliminary data released by the Cabinet Office.
GDP expanded 0.5% from the previous quarter, matching the preliminary estimate and accelerating from the 0.2% increase in the fourth quarter of 2025, driven by a pickup in private consumption and easing cost pressures and steady wage growth.
Brent crude oil soared 4% to $97.46 a barrel amid renewed hostilities in the Middle East, and Israel and Iran exchanged aerial attacks and missile and drone strikes.
Japan Indexes and Stocks
The Nikkei 225 Stock Average dropped 3.9% to 63,998.05, and the TOPIX fell 2.7% to 3,841.14.
Semiconductor- and AI-linked stocks led the decliners in Tokyo in Monday's trading.
Renesas Electronics dropped 6%, SoftBank Group fell 9%, Advantest Corp. eased 5%, and Tokyo Electron decreased 6%.
- Li Chen
- 08 Jun, 2026
- Hong Kong
China's market indexes turned sharply lower in Monday's trading, tracking losses in Friday's trading on Wall Street.
The Hang Seng Index decreased 1.2%, and the mainland-focused CSI 300 Index dropped 1.7% as a sharp sell-off in technology stocks weighed heavily on markets.
China's market indexes declined sharply on Monday, following the losses experienced on Wall Street the previous Friday.
Wall Street indexes plunged on Friday after the U.S. economy added more-than-expected jobs in May, raising the prospects that elevated borrowing costs could weigh on the economy and investment.
The U.S. economy added about 172,000 net new jobs in May, the jobless rate held at 4.3%, and the annual wage growth eased to 3.4% from 3.6% in the previous month, according to the latest update released by the U.S. Bureau of Labor Statistics.
The change in total nonfarm payroll employment for March was revised up by 29,000, from 185,000 to 214,000, and the change for April was revised up by 64,000, from 115,000 to 179,000.
With these revisions, employment in March and April combined is 93,000 higher than previously reported, the BLS report noted.
Investors are eagerly anticipating the release of China's international trade and inflation data later this week.
China Indexes and Stocks
The Hang Seng Index decreased 1.2% to 24,668.39, and the mainland-focused CSI 300 Index dropped 1.7% to 4,737.50.
Year to date, the Hang Seng Index extended losses to 6.4%, and the CSI 300 Index trimmed gains to 0.4%.
Technology and semiconductor-linked stocks led market decliners in mainland China and Hong Kong trading.
Zhongji Innolight, Eoptolink Technology, SMIC, and NAURA Technology decreased between 8% and 3%.
- Li Chen
- 08 Jun, 2026
- Hong Kong
China's market indexes turned sharply lower in Monday's trading, tracking losses in Friday's trading on Wall Street.
The Hang Seng Index decreased 1.2%, and the mainland-focused CSI 300 Index dropped 1.7% as a sharp sell-off in technology stocks weighed heavily on markets.
China's market indexes declined sharply on Monday, following the losses experienced on Wall Street the previous Friday.
Wall Street indexes plunged on Friday after the U.S. economy added more-than-expected jobs in May, raising the prospects that elevated borrowing costs could weigh on the economy and investment.
The U.S. economy added about 172,000 net new jobs in May, the jobless rate held at 4.3%, and the annual wage growth eased to 3.4% from 3.6% in the previous month, according to the latest update released by the U.S. Bureau of Labor Statistics.
The change in total nonfarm payroll employment for March was revised up by 29,000, from 185,000 to 214,000, and the change for April was revised up by 64,000, from 115,000 to 179,000.
With these revisions, employment in March and April combined is 93,000 higher than previously reported, the BLS report noted.
Investors are eagerly anticipating the release of China's international trade and inflation data later this week.
China Indexes and Stocks
The Hang Seng Index decreased 1.2% to 24,668.39, and the mainland-focused CSI 300 Index dropped 1.7% to 4,737.50.
Year to date, the Hang Seng Index extended losses to 6.4%, and the CSI 300 Index trimmed gains to 0.4%.
Technology and semiconductor-linked stocks led market decliners in mainland China and Hong Kong trading.
Zhongji Innolight, Eoptolink Technology, SMIC, and NAURA Technology decreased between 8% and 3%.
- Barry Adams
- 05 Jun, 2026
- New York City
Global markets retreated and showed heightened volatility as tech-heavy indices adjust to cooling AI momentum.
Renewed hostilities in the Middle East dampened the prospect of a temporary ceasefire in the Middle East.
At the start of the week, world market averages extended gains as investors reacted to positive earnings and stayed optimistic about the prospects for AI infrastructure investing and technologies.
However, as the week progressed, the market mood soured amid renewed hostilities in the Middle East and concerns over the AI trade.
Wall Street indexes traded down after a volatile week amid concerns over AI-linked stock valuations following Broadcom's weaker-than-expected revenue outlook for the current quarter.
Wall Street indexes plunged on Friday after the U.S. economy added more-than-expected jobs in May, raising the prospects that elevated borrowing costs could weigh on the economy and investment.
The U.S. economy added about 172,000 net new jobs in May, jobless rate held at 4.3%, and the annual wage growth eased to 3.4% from 3.6% in the previous month, according to the latest update released by the U.S. Bureau of Labor Statistics.
The change in total nonfarm payroll employment for March was revised up by 29,000, from 185,000 to 214,000, and the change for April was revised up by 64,000, from 115,000 to 179,000.
With these revisions, employment in March and April combined is 93,000 higher than previously reported, the BLS report noted.
European markets traded mixed amid lingering uncertainty in the Middle East, and investors digested a string of economic data confirming resilient conditions despite elevated inflationary pressures.
Japan's Nikkei 225 Stock Average closed unchanged after a week of trading, as concerns mounted over the AI trade following Broadcom's estimate of a weaker-than-expected sales outlook.
For the week, the Nikkei 225 Stock Average advanced 0.1%, and the TOPIX increased 0.2%, as investors reviewed a fresh batch of economic data released this week.
In May, the Nikkei 225 Stock Average gained 11.3%, and the TOPIX increased 6.8% after investors bid up AI- and semiconductor-related stocks for the second consecutive month.
Across exchanges in China, Hong Kong and Shanghai indexes rebounded on Friday and traded down at the end of a week, despite a rebound in enthusiasm over AI trade.
After a week of choppy trading, the Hang Seng index decreased 1.2%, and the CSI 300 Index edged down 1.7%.
Despite the recent run-up in China-based stocks, investors have been cautious about increasing exposure to Chinese companies amid low margins, intense competition, and poor visibility of future profits.
India's indexes closed down 0.8%at the end of a volatile week, and the Reserve Bank of India left its benchmark rates unchanged at 5.25% for the third consecutive meeting in June.
The central bank also lowered its fiscal year economic growth estimate to 6.6% from the previous estimate of 6.9% and revised higher its inflation estimate to 5.1% from 4.6%, mainly driven by the higher costs of imported energy products.
In May, benchmark indexes declined 3.5% as foreign investors continued to lower exposure to emerging markets amid higher yields on the U.S. Treasury notes.
Since the start of the year, the sell-off in Indian securities has intensified, particularly in stocks, according to India's NSDL.
Foreign investors sold about $28 billion in 2026 as of the end of the first week of June, compared to about $18 billion in the comparable period in 2025, reversing the inflow of $20.7 billion in 2023.
U.S. Movers
Broadcom dropped 13% to $418.91 after the advanced chipmaker's outlook fell short of some investors.
Revenue in the fiscal second quarter ending on May 3 increased 48% to $22.2 billion from $15.0 billion, net income soared 88% to $9.3 billion from $5.0 billion, and diluted earnings per share rose 85% to $1.91 from $1.03 a year ago.
The company's Board of Directors declared a quarterly cash dividend of 65 cents payable on June 30 to shareholders on record on June 22.
The company guided fiscal third-quarter revenue of $29.4 billion and an adjusted operating margin of 68% of protected revenue.
- Barry Adams
- 05 Jun, 2026
- New York City
Global markets retreated and showed heightened volatility as tech-heavy indices adjust to cooling AI momentum.
Renewed hostilities in the Middle East dampened the prospect of a temporary ceasefire in the Middle East.
At the start of the week, world market averages extended gains as investors reacted to positive earnings and stayed optimistic about the prospects for AI infrastructure investing and technologies.
However, as the week progressed, the market mood soured amid renewed hostilities in the Middle East and concerns over the AI trade.
Wall Street indexes traded down after a volatile week amid concerns over AI-linked stock valuations following Broadcom's weaker-than-expected revenue outlook for the current quarter.
The U.S. economy added about 85,000 net new jobs in May, jobless rate held at 4.3%, and the annual wage growth eased to 3.4% from 3.6% in the previous month, according to the latest update released by the U.S. Bureau of Labor Statistics.
European markets traded mixed amid lingering uncertainty in the Middle East, and investors digested a string of economic data confirming resilient conditions despite elevated inflationary pressures.
Japan's Nikkei 225 Stock Average closed unchanged after a week of trading, as concerns mounted over the AI trade following Broadcom's estimate of a weaker-than-expected sales outlook.
For the week, the Nikkei 225 Stock Average advanced 0.1%, and the TOPIX increased 0.2%, as investors reviewed a fresh batch of economic data released this week.
In May, the Nikkei 225 Stock Average gained 11.3%, and the TOPIX increased 6.8% after investors bid up AI- and semiconductor-related stocks for the second consecutive month.
Across exchanges in China, Hong Kong and Shanghai indexes rebounded on Friday and traded down at the end of a week, despite a rebound in enthusiasm over AI trade.
After a week of choppy trading, the Hang Seng index decreased 1.2%, and the CSI 300 Index edged down 1.7%.
Despite the recent run-up in China-based stocks, investors have been cautious about increasing exposure to Chinese companies amid low margins, intense competition, and poor visibility of future profits.
India's indexes closed down 0.8%at the end of a volatile week, and the Reserve Bank of India left its benchmark rates unchanged at 5.25% for the third consecutive meeting in June.
The central bank also lowered its fiscal year economic growth estimate to 6.6% from the previous estimate of 6.9% and revised higher its inflation estimate to 5.1% from 4.6%, mainly driven by the higher costs of imported energy products.
In May, benchmark indexes declined 3.5% as foreign investors continued to lower exposure to emerging markets amid higher yields on the U.S. Treasury notes.
Since the start of the year, the sell-off in Indian securities has intensified, particularly in stocks, according to India's NSDL.
Foreign investors sold about $28 billion in 2026 as of the end of the first week of June, compared to about $18 billion in the comparable period in 2025, reversing the inflow of $20.7 billion in 2023.
U.S. Movers
Broadcom dropped 13% to $418.91 after the advanced chipmaker's outlook fell short of some investors.
Revenue in the fiscal second quarter ending on May 3 increased 48% to $22.2 billion from $15.0 billion, net income soared 88% to $9.3 billion from $5.0 billion, and diluted earnings per share rose 85% to $1.91 from $1.03 a year ago.
The company's Board of Directors declared a quarterly cash dividend of 65 cents payable on June 30 to shareholders on record on June 22.
The company guided fiscal third-quarter revenue of $29.4 billion and an adjusted operating margin of 68% of protected revenue.