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A board above the trading floor of the New York Stock Exchange displays the closing number for the Dow Jones industrial average, Wednesday, June 3, 2026.

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Asian shares drop, with South Korea's Kospi down more than 5%

Asian shares drop, with South Korea's Kospi down more than 5%

Shares have fallen in Asia, with South Korea's benchmark dropping more than 5%, after sharp declines for some big artificial intelligence-related stocks in the U.S. U.S. futures also retreated, while oil prices were little changed. On Wall Street on Thursday, computer chipmaker Broadcom's shares sank 12.6% when it gave a forecast that fell short of investors' expectations, raising concerns over the wider AI and technology sector. Still, the benchmark S&P 500 climbed 0.4% and the Dow Jones Industrial Average gained 1.7% to a record. The tech-heavy Nasdaq composite edged 0.1% lower. But in Asia, investors dumped key AI-related shares on Friday, with South Korea's SK Hynix plunging 8.4% and Samsung Electronics shedding 5.4%.