Asia markets rebound from early losses as South Korea jumps, shrugging off chip slump: Live updates
Currency dealers monitor exchange rates as an electronic screen (top) shows South Korea’s benchmark stock index (KOSPI) in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on June 23, 2026.
Jade Gao | AFP | Getty Images
Asia-Pacific markets were broadly higher in afternoon trade Friday, reversing earlier losses weighed by investors rotating out of technology stocks.
Japan’s benchmark Nikkei 225 extended early gains, rising 1.36%, while the Topix was up 1.17%. South Korea’s Kospi advanced 4.65%, and the Kosdaq Index declined 1.68%.
Australia’s S&P/ASX 200 added 1.39%. Hong Kong’s Hang Seng Index gained 1.57%, while the mainland’s CSI 300 was up 1.15%. Taiwan’s benchmark Taiex inched 0.2% higher.
U.S. markets are closed for the Independence Day holiday.
Overnight in the U.S., stocks ended mixed with the Dow Jones Industrial Average closing at a record high after a softer-than-expected June jobs report fueled hopes for Federal Reserve rate cuts. Meanwhile, weakness in semiconductor stocks dragged the Nasdaq lower.
The 30-stock average added 594.83 points, or 1.14%, for a record close of 52,900.07. The index hit a new all-time intraday high of 52,903.85. The S&P 500 rose less than 1 point to end at 7,483.24, while the Nasdaq dropped 0.8% to 25,832.67.
Semiconductors fell for a second day in a row, weighing on the latter two benchmarks. The VanEck Semiconductor (SMH) ETF dropped 4.5%, led by a 13.6% decline in Teradyne and an 11.5% slide for KLA. Nvidia shares also pulled back 1.4%, while Micron shares lost 5.5%.
—CNBC’s Justina Lee contributed to the story.
