Overview
- The rout intensified on Monday after a Friday Nasdaq drop triggered by stronger-than-expected US jobs and disappointing Broadcom guidance sent semiconductor and AI-linked names sharply lower.
- South Korea led losses as the Kospi plunged into double digits intraday, futures trading hit a circuit breaker, and major chipmakers such as Samsung Electronics and SK Hynix suffered heavy declines.
- Renewed missile exchanges between Iran and Israel drove Brent crude into the mid‑$90s per barrel, lifting oil prices and adding pressure on inflation expectations for import-dependent countries.
- Indian markets opened about 1% lower with the Sensex and Nifty erasing large market value, foreign institutional investors accelerated selling, and the rupee weakened under pressure from higher oil and capital outflows.
- Market watchers will be watching US inflation data, Fed guidance, further Middle East developments, Broadcom and other semiconductor updates, and the flow of foreign capital to judge whether the shock stabilizes or deepens.