Japan Financial Markets

A person walks past an electronic board showing Japan's Nikkei index at a securities firm Thursday, Aug. 6, 2026, in Tokyo.

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Asian shares are mostly lower as Kospi falls 4% and tech giants decline on Wall Street

Asian shares are mostly lower as Kospi falls 4% and tech giants decline on Wall Street

Asian shares are mostly lower and South Korea's Kospi dropped more than 4% following declines for some Big Tech giants on Wall Street. Oil prices held steady, with Brent crude trading near $79 a barrel. Uncertainty about the direction of the U.S. war with Iran persists despite hopes for a reopening of the Strait of Hormuz. On Wednesday, the S&P 500 slipped 0.2% from an all-time high and the Dow industrials rose 0.5%. The Nasdaq composite lost 0.8%. SpaceX sank after increasing its spending on artificial intelligence. Strong corporate profits and expectations for more growth ahead generally have been steering U.S. stocks higher.