Currency dealers monitor exchange rates as the Korean Standard Stock Price Index (KOSPI) is displayed on an electronic screen (above) in the foreign exchange dealing room at Hana Bank’s main branch in Seoul on June 23, 2026.
Jade Gao | AFP | Getty Images
Asia-Pacific markets were broadly higher in afternoon trading, reversing earlier losses weighed on by investors shifting away from tech stocks.
Japanese benchmark Nikkei Stock Average extended its early gains, rising 1.36%, while Topix rose 1.17%. South Korea’s Kospi rose 4.65%, while the Kosdaq index fell 1.68%.
australian S&P/ASX 200 Added 1.39%. Hong Kong’s Hang Seng Index rose 1.57%, while the mainland’s CSI300 index rose 1.15%. Taiwan’s benchmark stock, TYEX, rose 0.2%.
Stocks ended mixed in the US overnight. Dow Jones Industrial Average The stock closed at a record high after the June employment report was weaker than expected, increasing expectations for the U.S. Federal Reserve to cut interest rates. On the other hand, the slump in semiconductor stocks was a drag. Nasdaq lower.
The 30-stock average added 594.83 points (1.14%) to a record closing price of 52,900.07. The index hit a new intraday high of 52,903.85. The S&P 500 rose less than 1 point to end at 7,483.24, while the Nasdaq fell 0.8% to 25,832.67.
Semiconductor prices fell for the second day in a row, putting pressure on the latter two indexes. The VanEck Semiconductor (SMH) ETF fell 4.5%, led by Teradyne’s 13.6% drop and KLA’s 11.5% decline. Nvidia stock also fell 1.4%, and Micron stock fell 5.5%.
US markets will be closed on Friday for Independence Day.
—CNBC’s Justina Lee contributed to this article.
