Broadcom Miss at $22.19 Billion Deepens Asia Tech Selloff as Kospi Eyes 3% Weekly Loss
Updated
Updated · Reuters · Jun 5
Broadcom Miss at $22.19 Billion Deepens Asia Tech Selloff as Kospi Eyes 3% Weekly Loss
3 articles · Updated · Reuters · Jun 5
Summary
Broadcom’s 12.6% share drop after reporting $22.19 billion in quarterly revenue, just below the $22.27 billion expected, extended Friday’s tech retreat across Asia.
South Korea’s KOSPI moved toward a 3% weekly loss—its seventh of 2026—as Samsung Electronics and SK Hynix fell sharply in a market still heavily exposed to chip and AI sentiment.
The won slid to its weakest level since 2009 under pressure from foreign selling, reinforcing signs that investors are pulling back from one of Asia’s biggest AI-linked trades.
Brent held near $95 a barrel and the dollar index stayed on track for a weekly gain ahead of U.S. payrolls, with markets also watching U.S.-Iran talks for the next risk signal.