Global Stock Market Trends — 2026-06-24

Global Indices at a Glance

As of June 24, 2026 — Korea is in-session recovery, while US/Asia figures are based on the previous close.

🇰🇷 Korean Stock Market

KOSPI / KOSDAQ Overview

The Korean market has seen extreme volatility. After crashing by -9.99% (-810 points) on June 23, marking the 5th largest drop in history, the KOSPI is showing signs of recovery today. The KOSPI has reclaimed the 8,500 level, and the KOSDAQ is staging a strong rebound of +8.3%. Buying sentiment in tech, led by semiconductor stocks (Samsung Electronics +9%, SK hynix +9%), is being supported by record-breaking net buying from retail investors (11.11 trillion KRW).

Supply & Demand Trends

• Foreigners: Net selling (due to global fund exits following US tech weakness)
• Institutions: Net selling and profit-taking
• Retail: 11.11 trillion KRW in net buying (historic scale)

Today's Leading Sectors & Stocks

• Semiconductors (Samsung Electronics, SK hynix): +9% — Buying on dips after yesterday's crash and expectations for global semiconductor industry recovery.
• Securities (Mirae Asset Securities): -8.5% → Recovering — Market volatility drives expectations for trading profit improvements, though semiconductor weakness initially stoked fears of industry downturns.
• Bio/Pharmaceuticals: Continued weakness — A sector left behind by the semiconductor rally.

2 sources

asiae.co.kr

asiae.co.kr

asiae.co.kr

asiae.co.kr

🇺🇸 US Stock Market

Major Indices Close

The US market was lackluster due to weakness in tech. The S&P 500 closed down 0.8% and the Nasdaq Composite fell 0.5%. The Dow Jones rose slightly by 0.1%, supported by defensive positions in financials and consumer goods. The Nasdaq’s steeper drop was largely due to profit-taking pressure on semiconductor firms, especially Micron.

Today's Key Movements

• Micron (MU): Sluggish — Pressured by concerns over memory chip supply and weakening PC/server demand (Earnings expected after-market on the 24th).
• Alphabet (GOOGL), Tesla (TSLA): Weaker — Tech profit-taking and Fed rate hike concerns.
• Energy/Utilities: Defensive performance — Inflation concerns eased by falling oil prices following progress in Iran negotiations.

Sector Trends

Tech led the market decline. According to Barclays analysis, while individual stock dynamics remain strong, index skew (volatility index) shows that the chase for upside is cooling. A combination of potential Fed rate hikes (inflation risk) and poor earnings from specific companies is increasing selling pressure on tech.

🌏 Asian & European Markets

Asia (Japan, China, Hong Kong)

Asian markets followed the downward trend of the Korean market. The Japanese Nikkei 225 fell -2.5% (-1,500 points), and the Shanghai Composite dropped -2.7%. The Hong Kong Hang Seng also saw a -2.5% decline. The weakness in Korean semiconductors has expanded into concerns over global chip supply.

Europe (UK, Germany, France)

European markets also trended lower in line with global tech weakness. The German DAX closed down -2.0% and the UK FTSE 100 fell -1.5%. The aftershocks of the Nasdaq's decline have rippled into European tech.

📊 Today's Market Drivers

1. Global ripple effect of the K-semiconductor crash (Trigger) The -9.99% KOSPI crash was driven by weaknesses in core global chip supply chain leaders like Samsung Electronics and SK hynix. This led to intensified profit-taking in US semiconductor stocks, including Micron (MU), driving the Nasdaq down 0.5%.

2. Fed inflation warnings and rate hike concerns Market anxiety over potential interest rate hikes accelerated tech selling. Barclays and BofA analysts warned of the Fed's conservative hike cycle, heightening pressure on high-valuation tech stocks.

3. Energy rally limited by Iran negotiations Progress in US-Iran peace negotiations led to a drop in oil prices; however, the absolute scale of the tech sell-off outweighed any gains in energy stocks.

4. Earnings uncertainty (Micron Earnings) Concerns regarding the memory chip outlook mounted ahead of Micron's (MU) after-market earnings announcement on the 24th. This has led to weakened confidence in the broader semiconductor sector, a key beneficiary of the AI rally.

🔭 Points to Watch

Key Events This Week

• Micron (MU) Earnings: June 24 after-market — Disclosure of memory chip demand and AI chip profitability outlook.
• PCE Inflation Data: Due for release at the end of June — Will determine the path for the Fed's next interest rate decision.
• Tech Earnings Season: June-July — Further announcements from other semiconductor and AI-related companies following Micron.

Investor Checklist

• Sustainability of KOSPI's recovery: Maintaining the 8,500 level is a signal of a bottom.
• Timing for resumption of US tech buying: After the results of Micron's earnings.
• Easing of global chip supply concerns: Recovery in Asian semiconductor stocks is a key signal.

💬 One-line Insight

The K-semiconductor crash has exposed the limits of the global tech rally, marking the start of a phase of re-evaluating the AI rally amid profit-taking and inflation concerns.