EL7.AI
StocksMedium•8 June 2026•
1 min read

Hang Seng Hits March Lows as Global Tech Sell-off Batters Asian Markets

Key Facts

1The Hang Seng Index fell by 1.20%, reaching its lowest level since March 2026.
2South Korea's KOSPI index saw its worst daily performance in years, dropping over 8%.
3Japan's Nikkei 225 fell 3%, with SoftBank and Kioxia among the top laggards.

Amidst a intensifying global rotation out of high-growth sectors, the Hang Seng Index dropped 1.20% to reach its lowest level since March 2026. According to reports, the tech-led rout spread rapidly across Asia, with South Korea's KOSPI index suffering its worst daily performance in years by plunging over 8%. Japan's Nikkei 225 also retreated by 3%, as major tech players like SoftBank and Kioxia led the downward move.

The sell-off highlights growing investor anxiety regarding semiconductor valuations and artificial intelligence sustainability, directly impacting SoftBank (9984.T). Per market data, Asian tech shares have shown higher sensitivity to global sentiment shifts compared to peers, with Kioxia (285A.T) facing significant pressure during the session. This regional contagion suggests that the downward trend established since the May peaks remains the dominant market force.

Traders should monitor key price levels following the recent volatility; SoftBank traded at 6,914 JPY while Kioxia stood at 72,200 JPY (June 8, 2026). Looking ahead, upcoming inflation data from South Korea and broader regional manufacturing PMI updates will be critical catalysts to watch for signs of a potential floor in the current market correction.