Global Market Trends — 2026-06-04

Global Indices at a Glance

Data as of: June 4, 2026, morning — Korean market based on early trading, U.S./Asia based on latest closing

🇰🇷 Korean Market

KOSPI / KOSDAQ Overview The KOSPI is experiencing extreme volatility driven by large-scale foreign selling. Yesterday (the 3rd), the KOSPI fluctuated between 8,500 and 8,900 amid a net sell-off of 6.6 trillion won by foreign investors, barely closing above 8,800. Today (the 4th), it retreated to the 8,600 level, down 184.2 points in early trading. Sharp exchange rate hikes and the stalled U.S.-Iran negotiations have frozen investor sentiment. Conversely, the KOSDAQ rose over 2% to 1,049.96, thanks to joint buying from foreigners and institutions, showing a rebound centered on small-cap stocks.

Flow Trends

• Foreigners: Continued 19 consecutive trading days of net selling, with massive outflows of 6.6 trillion won yesterday and over 7 trillion won today.
• Institutions: Buying heavily in KOSDAQ, while passive in KOSPI.
• Individuals: Buying in KOSPI, partially offsetting foreign sell-offs.

Leading Sectors & Stocks Today

• Semiconductors: Individual stocks remain weak despite improvements in chip supply, due to foreign selling.
• Small/Mid-cap Growth: Continued buying in KOSDAQ, with stocks like Jeju Semiconductor and FADU seeing gains.
• Utilities/Finance: Focus on stable dividend stocks as risk-aversion intensifies.

🇺🇸 U.S. Market

Three Major Indices Closing (Latest Session) The three major U.S. indices are hitting new highs daily. The S&P 500 surpassed 7,600 for the first time, and the Dow Jones rose over 200 points to set another record. Tech stocks are leading the charge, particularly with high expectations for upcoming earnings from chipmakers. The Nasdaq also continued to break new highs, with the AI investment boom remaining the primary driver. However, the U.S.-Iran negotiation stalemate is partially limiting rally momentum.

Today’s Major Movements

• Marvell Technology (MRVL): Sharply higher — signals of improving AI chip demand and strong earnings expectations.
• Hewlett Packard Enterprise (HPE): Strong — signs of increased orders for server and cloud infrastructure.
• Broadcom: Awaiting earnings report this evening — expected to act as a bellwether for the semiconductor and AI sectors.

Sector Trends Tech (especially chipmakers and cloud) has emerged as the leading sector. While signs of continued AI infrastructure investment are positive, the energy sector is being constrained by geopolitical uncertainty despite rising oil prices. Financials are maintaining a neutral flow.

🌏 Asia & Europe Markets

Asia (Japan, China, Hong Kong) The Japanese Nikkei 225 is hitting new highs, highlighting the bright side of the Asian market. Hong Kong’s Hang Seng rose 0.58% to 27,183.15, and China’s CSI 300 grew 0.11% to 4,724.3. However, with mixed capital flows from foreign investors across the region (including Korea), the gap in regional performance is widening.

📊 Market Drivers Today

• AI Chip Rally Continues: Signals of earnings improvement from semiconductor firms like Marvell and HPE and strong future demand forecasts are driving U.S. tech stocks to new highs. This is the key background for the S&P 500 surpassing 7,600.

• U.S.-Iran Negotiation Stalemate: As nuclear negotiations between the U.S. and Iran remain stalled, geopolitical instability has intensified. This is specifically fueling foreign sell-offs in emerging markets (such as Korea), which are considered riskier assets.

• Massive Foreign Selling in Korea: Foreigners have recorded 19 consecutive days of net selling on the KOSPI, dumping massive amounts of volume (6.6 trillion won yesterday and 7 trillion won today). A surge in the exchange rate is a key factor deepening this sell-off.

• Key Earnings Releases: Tonight's earnings reports from cloud and cybersecurity firms like Broadcom and Crowdstrike are expected to be the key signals to determine whether the rally continues.

🔭 What to Watch Next

Key Events This Week

• Broadcom and Crowdstrike earnings releases (this evening) — Determining the direction for the cloud/AI sectors.
• Federal Reserve Beige Book release — Checking signals on labor markets and the economy by region.
• U.S.-Iran negotiation progress — Immediate impact on oil prices and risk-asset sentiment.

Investor Checklist

• If chipmaker earnings beat expectations, the probability of the tech rally continuing is high.
• Monitor whether the foreign selling trend in Korea reverses.
• Watch for Fed policy hints based on U.S. economic indicators (labor, interest rates).

💬 One-line Insight

While the U.S. AI rally is being proven by actual earnings, the massive foreign exodus from emerging markets shows that global fragmentation is deepening. Tomorrow's major tech earnings reports will act as a turning point that could either bridge or widen this divide.