Asian markets declined on Monday as a sell-off in tech shares gathered momentum following Broadcom's disappointing AI outlook. Markets were also spooked by higher bond yields and interest rate worries after U.S. jobs data for May blew past expectations.
The dollar scaled a two-month peak, while gold fell towards $4,300 an ounce as traders ramped up bets on a Federal Reserve rate hike this year.
Brent crude futures jumped more than 4 percent above $97 a barrel, rebounding from a two-session decline after Iran and Israel exchanged missile strikes, casting doubt on the future of a fragile ceasefire in the Middle East.
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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.