Global stocks fall on Middle East and AI concerns
Global shares declined on Friday as stalled U.S.-Iran peace talks and a cooling semiconductor rally weighed on investor sentiment. South Korea's Kospi fell 7% following disappointing results from Broadcom, while markets await U.S. nonfarm payrolls data for further interest rate cues.
Global equities slid on June 5 as MSCI's broadest Asia-Pacific index fell 2.23% and Nasdaq futures dropped 1.2% following stalled Middle East peace talks and a cooling AI rally. The decline follows a mixed session on Wall Street and disappointing results from chipmaker BROADCOM INC that triggered profit-taking across the semiconductor sector. Investors are shifting to defensive positions as geopolitical instability and high valuation hurdles for technology stocks force a broader de-risking of portfolios.
