Overnight Headlines 5th June 2026

Morning Pack – 5 June 2026

Market tone: Risk-off in Asia as AI-linked weakness spreads from Wall Street into Korean tech. US futures are lower, oil remains firm, and the key focus today is the US payrolls report.

Asia Markets

Index	Level	Change
Nikkei 225	66,651	-1.21%
Shanghai Comp	4,074	+0.41%
Shenzhen Comp	15,614	-0.31%
Hang Seng	25,043	-0.83%
ASX 200	8,630	-0.65%
Kospi	8,229	-4.75%
STI	5,058	-0.20%
NZX 50	13,162	+0.46%

Top Headlines

• South Korea stocks fall 5% as tech heavyweights follow Wall Street AI sell-off
• Asia tech stocks drop after Broadcom rattles AI trade
• India’s central bank keeps rates steady at 5.25%
• Burnham confirms he will seek to replace Starmer as UK prime minister
• US National Security Agency using Anthropic’s Mythos for cyber operations
• US futures and Korean stocks drop as AI mania fades
• Private-credit lending boom faces tighter investor discipline
• Lululemon cuts outlook as headwinds mount

US Close

Index	Close	Change
Dow Jones	51,561.93	+1.73%
S&P 500	7,584.31	+0.41%
Nasdaq	26,830.96	-0.09%
Russell 2000	2,935.33	+1.45%
VIX	15.40	-4.11%

US Futures

Future	Level	Change
Dow Futures	51,618	-0.10%
S&P Futures	7,559.5	-0.55%
Nasdaq Futures	30,198	-0.95%
Russell Futures	2,919	-0.69%

Bonds

Bond	Yield	Move
US 2-Year	4.045%	-0.4bp
US 10-Year	4.473%	-0.4bp
US 30-Year	4.978%	UNCH

Commodities

Commodity	Price	Change
WTI Crude	$93.09	+0.05%
Brent Crude	$95.41	+0.40%
Natural Gas	$3.358	+0.66%
Uranium	$85.75	UNCH

FX

Pair	Level	Change
EUR/USD	1.1615	+0.05%
GBP/USD	1.3427	+0.05%
USD/JPY	159.93	-0.05%
USD/CNY	6.7740	+0.01%
USD/KRW	1,542.07	+0.67%

Economic Calendar – GMT

Time	Event	Forecast	Previous
06:00	UK Halifax House Price Index YoY	1.0%	0.4%
06:00	UK Halifax House Price Index MoM	0.0%	-0.1%
07:30	ECB Supervisory Board Member Tuominen Speaks	—	—
09:00	Eurozone GDP QoQ Q1	0.1%	0.1%
09:00	Eurozone GDP YoY Q1	0.8%	1.2%
10:30	UK Mortgage Rate May	—	6.60%
12:30	US Average Hourly Earnings MoM	0.3%	0.2%
12:30	US Average Hourly Earnings YoY	3.4%	3.6%
12:30	US Nonfarm Payrolls	85K	115K
12:30	US Private Payrolls	85K	123K
12:30	US Participation Rate	—	61.8%
12:30	US U6 Unemployment Rate	—	8.2%
12:30	US Unemployment Rate	4.3%	4.3%
17:00	US Baker Hughes Oil Rig Count	—	429

Market Comment

Markets are increasingly showing signs of a late-cycle divergence. The Dow and Russell managed strong gains at the close, but the Nasdaq lagged as investors questioned whether the AI trade has become over-owned and over-valued.

Asia has taken the baton overnight, with Korean technology shares hit especially hard. SK Hynix and Samsung weakness, combined with Broadcom’s sharp fall, has made AI positioning the key risk factor heading into the weekend.

The main macro event today is the US payrolls report. With Nonfarm Payrolls forecast at just 85K, a weak number could revive rate-cut expectations, while a stronger print may keep bond yields supported and extend pressure on growth stocks.