South Korea’s KOSPI slid 6.2% to 7,546.10 in a single session, triggering a “sidecar” curb that temporarily halted programme trading. Samsung Electronics fell 7.47% and SK Hynix dropped 6.70%, and together they account for more than half of the index’s weight. Other heavyweights including LG Energy Solution, Hanwha Ocean and Hyundai Motor also posted steep losses. Foreign investors were net sellers of South Korean stocks, offloading $851 million worth on the day.

India’s government has launched an offer for sale (OFS) of up to a 5.04% stake in Cochin Shipyard. The OFS opens to non-retail investors today, while retail investors and employees can participate tomorrow. The floor price has been set at Rs 1,400 per share.

Trent reported FY2025 Q1 standalone revenue of Rs 56.66 billion, up 19% year on year, slightly below some brokerage expectations. The retailer added one Westside store and 19 Zudio outlets in the quarter, taking its total store count to 1,312. Bernstein kept an 'Outperform' rating with a Rs 3,500 target, Morgan Stanley reiterated 'Overweight' with a Rs 3,151 target, and Citi maintained a 'Sell' with a Rs 2,733 target. The stock closed at Rs 3,343.8 on Monday, up 16.6% in 2026 and outperforming the Nifty 50.

South Korea’s Financial Supervisory Service (FSS) warned that heavy concentration of household financial assets in leveraged stock investments could seriously damage household financial health. FSS Governor Lee Chanjin urged financial institutions to strengthen risk management and take preemptive steps when needed. Industry data show that between May 27 and June 22, retail investors were net buyers of 8.9 trillion won ($5.8 billion) in leveraged ETFs tracking single heavyweight stocks. The warning comes as the KOSPI has risen this year on a global boom in spending on artificial intelligence data centers, even as volatility has increased.

Japan’s Nikkei 225 fell 1.35% on Tuesday to 68,798.93 as a Samsung Electronics-led selloff pressured semiconductor shares across the region. Samsung forecast a 19-fold jump in second-quarter operating profit from a year earlier, but the outlook fell short of market expectations, sending South Korea’s KOSPI down more than 5% in early trade. Japan’s memory maker Kioxia slid 10.86%, while Advantest and Tokyo Electron fell 0.64% and 1.85%. Funds rotated into value stocks such as financials, with Mitsubishi UFJ Financial Group rising 3%.

Julius Baer’s Global Wealth and Lifestyle Report 2026 says gold prices have more than doubled since 2024, pushing up prices for luxury goods. The report says high-net-worth investors in Asia Pacific have increased allocations to precious metals to hedge geopolitical and macroeconomic risks, with platinum gaining traction in China and silver seeing renewed demand in India. It also says more than 70% of Asia Pacific investors increased diversification over the past year, with precious metals—especially gold—seen as the preferred hedge.

Nifty 50 futures point to a higher open, extending a four-session advance that has lifted the index to a 10-week high. Sentiment has been supported by four straight sessions of net foreign buying, including 2.43 billion rupees on Monday, as well as strong first-quarter loan growth at banks. Titan said its consumer business grew 41% year-on-year in the first quarter, adding to upbeat pre-earnings updates. Brent crude held near $72 a barrel, while faster progress in monsoon rains also aided risk appetite.

Canada said it has chosen Germany’s Thyssenkrupp Marine Systems as the preferred contractor to build around 12 submarines, passing over a bid from South Korea’s Hanwha Ocean and its partner HD Hyundai Heavy Industries. Hanwha Ocean shares fell more than 23% on the news. HD Hyundai Heavy Industries briefly slid 10% in early trade, while South Korea’s Kospi was down around 6% midmorning, weighed in part by post-earnings profit taking in Samsung Electronics.