Asian stocks fell broadly on Friday, with South Korea and Japan leading losses due to heavy selling in major technology stocks.
An AI-driven rally that boosted stocks earlier this week fizzled out after chip giant Broadcom's AI revenue projection fell short of expectations. Lingering uncertainty over U.S.-Iran peace negotiations also kept regional markets under pressure.
Hezbollah rejected the latest ceasefire agreement between Israel and the Lebanese government, saying the "imaginary ceasefire" would amount to "a surrender, defeat and achieving the enemy's goals."
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.