Asian markets settled mostly lower on Friday, with South Korea's Kospi dropped more than 5% amid a major sell-off in artificial intelligence and semiconductor stocks. The steep drop triggered by US chipmaker Broadcom's disappointing revenue guidance prompted the Korea Exchange to activate a sell-side ‘sidecar’ that temporarily halted program trading. Indonesian shares remained under pressure, fell more than 4% amid speculation that MSCI could downgrade Indonesia to Frontier Market status ahead of its June 19 review. Moreover, lingering uncertainty over US-Iran peace negotiations also kept regional markets under pressure. Meanwhile, investors were awaiting key US jobs report due later in the day.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 4,027.74 | -30.05 | -0.74 |
| Hang Seng | 24,961.95 | -291.45 | -1.15 |
| Jakarta Composite | 5,594.77 | -245.03 | -4.38 |
| KLSE Composite | 1,693.43 | 10.17 | 0.60 |
| Nikkei 225 | 66,588.12 | -882.57 | -1.31 |
| Straits Times | 5,049.96 | -17.57 | -0.35 |
| KOSPI Composite | 8,160.59 | -478.82 | -5.54 |
| Taiwan Weighted | 45,070.94 | -606.52 | -1.33 |
