Overnight Headlines8th June 2026

Morning Pack – Monday 8 June 2026 (GMT)

Asia Markets

Index	Level	Change
Nikkei 225	63,998.36	-2,589.76 (-3.89%)
Shanghai Composite	3,976.83	-50.91 (-1.26%)
Shenzhen Composite	14,933.82	-380.88 (-2.49%)
Hang Seng	24,668.59	-293.36 (-1.18%)
ASX 200	8,625.10	-61.00 (-0.70%)
Kospi	7,733.66	-426.93 (-5.23%)
Straits Times	4,974.11	-75.85 (-1.50%)
NZX 50	13,086.19	-75.78 (-0.58%)

Market Comment: Asian equities are under heavy pressure following Friday's sharp US technology-led selloff and renewed Middle East tensions. South Korea is the clear underperformer, with the Kospi falling more than 5% as foreign investors continue to unwind AI and semiconductor positions.

Key Headlines

• Israel and Iran trade air strikes as ceasefire falters
• Oil prices jump after Iran missiles threaten fragile ceasefire
• Tech sell-off widens as South Korea index plunges
• Foreign investors have dumped billions of dollars of Korean stocks. Here's why
• Asia tech stocks extend sell-off with SoftBank down over 7%
• Xi Jinping arrives in North Korea for first visit in seven years
• Santander chief Ana Botín: UK bank taxes make ‘no economic sense’
• UK employers hiring more temps as staff costs rise

US Market Close

Index	Level	Change
Dow Jones	50,866.78	-695.15 (-1.35%)
S&P 500	7,383.74	-200.57 (-2.64%)
Nasdaq Composite	25,709.43	-1,121.53 (-4.18%)
Russell 2000	2,833.50	-101.83 (-3.47%)
VIX	21.51	+6.11 (+39.68%)

US Futures

Contract	Level	Change
Dow Futures	50,801.00	-135.00 (-0.27%)
S&P Futures	7,407.75	+7.25 (+0.10%)
Nasdaq Futures	29,146.75	+120.25 (+0.41%)
Russell 2000 Futures	2,839.80	+5.00 (+0.18%)

Fixed Income

Bond	Yield	Change
US 2Y Treasury	4.191%	+2.9bp
US 5Y Treasury	4.317%	+3.7bp
US 10Y Treasury	4.572%	+3.6bp
US 30Y Treasury	5.027%	+2.8bp

Commodities

Commodity	Price	Change
WTI Crude	$94.29	+$3.75 (+4.14%)
Brent Crude	$97.06	+$3.97 (+4.26%)
Natural Gas	$3.175	-$0.054 (-1.67%)
RBOB Gasoline	$3.1352	+$0.0893 (+2.93%)
Heating Oil	$3.7268	+$0.1394 (+3.89%)
Gold	$4,310.92	-$18.00 (-0.42%)

Foreign Exchange

Pair	Level	Change
EUR/USD	1.1531	+0.0012 (+0.10%)
GBP/USD	1.3338	-0.0001 (-0.01%)
USD/JPY	160.32	+0.03 (+0.02%)
USD/CNY	6.7829	+0.0174 (+0.26%)
USD/KRW	1,548.99	-10.09 (-0.65%)
USD/CAD	1.3944	+0.0011 (+0.08%)

Economic Calendar – GMT

Time	Event	Forecast	Previous
06:00	German Factory Orders MoM (Apr)	-2.2%	5.0%
07:00	German Buba Balz Speaks	—	—
15:00	NY Fed 1-Year Consumer Inflation Expectations (May)	—	3.6%
23:01	UK BRC Retail Sales Monitor YoY (May)	0.6%	-3.4%

Summary

The dominant themes this morning are renewed Israel-Iran tensions, a sharp rise in oil prices, continued pressure on AI and semiconductor stocks, and heavy foreign selling in South Korea. US futures are attempting to stabilise after Friday’s sharp selloff, but higher Treasury yields and geopolitical risk remain key headwinds.