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LivestreamMenuCurrency 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 traded mixed on Friday as investors continued rotating out of technology stocks, tracking declines in the U.S.
Japan’s benchmark Nikkei 225 was down 0.86% at the open, while the Topix was up 0.34%. South Korea’s Kospi rose 0.97%, and the Kosdaq Index declined 1.12%.
Australia’s S&P/ASX 200 added 0.42%.
Futures for Hong Kong’s Hang Seng index stood at 23,061, slightly higher than its last close of 23,055.03.
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%.
U.S. markets will be closed Friday for the Independence Day holiday.
8 Min Ago
Asia markets open mixed as chip slump weighs on sentiment
Asia-Pacific markets traded mixed on Friday as investors continued rotating out of technology stocks, tracking declines in the U.S.
Japan’s benchmark Nikkei 225 was down 0.86% at the open, while the Topix was up 0.34%. South Korea’s Kospi rose 0.97%, and the Kosdaq Index declined 1.12%.
Australia’s S&P/ASX 200 added 0.42%.
Futures for Hong Kong’s Hang Seng index stood at 23,061, slightly higher than its last close of 23,055.03.
— Lee Ying Shan
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