South Korea Financial Markets

A screen shows South Korean companies's stock prices related to Nvidia CEO Jensen Huang, who is scheduled to visit South Korea at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 5, 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%.