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Stock futures little changed after chip sell-off as Asia markets fall, South Korea's Kospi tumbles...
Traders work at the New York Stock Exchange on June 26, 2026. NYSEU.S. stock futures traded near the flatline on Wednesday night after Wall Street began a new month of trading on a somewhat sour note, while Asia markets traded mostly lower Thursday, tracking losses on Wall Street.Dow Jones Industrial Average futures lost 53 points, or 0.1%. S&P 500 futures slipped about 0.1%, while Nasdaq-100 futures dropped 0.1%. South Korea's Kospi led losses in Asia, falling 5.36% at the open, prompting the Korean Exchange to temporarily halt trading for five minutes to curb volatility. The small-cap Kosdaq dropped 3.55%. Japan's Nikkei 225 declined 0.70%, while the Topix inched up 0.13%. Australia's benchmark S&P/ASX 200 was down 0.59%.The moves come after the major U.S. averages ended Wednesday's session lower, with the Dow erasing a 423.46-point jump that brought it to record highs to close just below the flatline. The S&P 500 and Nasdaq Composite slid 0.2% and 0.7%, respectively, as investors pared positions in chipmakers.The VanEck Semiconductor ETF (SMH) lost 5.4%, with Micron Technology and Sandisk dropping more than 10% each. And while the sector decline weighed on the broader market, Ned Davis Research strategist Rob Anderson thinks the rotation out of semiconductors is healthy. "One of the characteristics of the bull market has been rotation. The attribute has been on full display in 2026," he wrote. "A passing of the baton to a non-commodity cyclical sector would be further evidence that the stock market is entering the second half of the year in a position of strength and that the bull market can continue deep into the second half of the year."Wall Street is also looking ahead to the June jobs report. Economists polled by Dow Jones expect the economy added 115,000 jobs last month.