Traders work after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, June 17, 2026. <\/p>\n
Michael Nagle | Bloomberg | Getty Images<\/p>\n
Hello, this is Justina Lee writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open.<\/p>\n
The aftershocks from the tech selloff continue to reverberate across global markets.<\/p>\n
The weakness that began in technology stocks spread through Asia and Europe on Tuesday, while precious metals also came under pressure as investors reassessed the path of interest rates.<\/p>\n
Meanwhile, South Korea’s push for developed-market status hit another roadblock after MSCI kept it in the emerging-market category, while Indonesia faces downgrade risks over investor access concerns.<\/p>\n
What you need to know today<\/p>\n Asia’s technology stocks bounced back on Wednesday after a bruising session that sent global equities lower.<\/p>\n South Korea’s Kospi jumped more than 3% after plunging roughly 10% on Tuesday. Index heavyweights SK Hynix gained around 3%, while Samsung Electronics surged more than 6%.<\/p>\n The two stocks were among the biggest drags on the Kospi during Tuesday’s selloff, as a tech-led rout rattled global markets. In Europe, the Pan-European Stoxx 600<\/a>\u00a0declined around 1% as investors continued to shed risk. <\/p>\n The tech selloff on Tuesday also spilled into<\/a> precious metals. Gold and silver prices came under pressure as investors worried that interest rates could stay higher for longer, while several banks lowered their forecasts for the metals.<\/p>\n There is, however, some silver lining for some U.S. tech giants. Alphabet<\/a> is\u00a0replacing<\/a>\u00a0Verizon<\/a>\u00a0in the\u00a0Dow Jones Industrial Average<\/a>, which could further boost its presence in the blue-chip average. <\/p>\n Meta<\/a> announced its new set<\/a> of smart glasses priced at $299, undercutting some of its earlier models as the company pushes to bring wearables to a broader audience.<\/p>\n In Asia, investors are also digesting MSCI’s recent moves<\/a> on Indonesia and South Korea. <\/p>\n The global index provider extended Indonesia’s status as an emerging market after freezing the country’s stocks in its indexes in January, citing investability concerns. <\/p>\n And despite South Korea’s rally in recent months, MSCI said it will maintain its inclusion in the emerging-market index. MSCI cited the limited convertibility of the Korean won in the offshore currency market as a key obstacle to an upgrade.<\/p>\n Beyond markets, investors are also watching geopolitical risks, with attention turning back to the Middle East. Things are calmer in the\u00a0region\u00a0following recent developments that signal\u00a0stabilization.<\/p>\n More than 11,000 seafarers stranded in the Persian Gulf will begin<\/a> to exit through the Strait of Hormuz, the International Maritime Organization<\/a>\u00a0said Tuesday, under a plan backed by both the U.S. and Iran. Oil prices edged lower as traders continued to monitor tanker traffic through\u00a0the waterway. <\/p>\n \u2014Justina Lee <\/p>\n And finally…Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Traders work after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock…\n","protected":false},"author":2,"featured_media":498971,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[221517,157457,215931,1684,114,357,85,1445,87,46,190,10809,2252,11471,1032,24091,2966],"class_list":["post-508354","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-gc26q","tag-lco26q","tag-si26n","tag-alphabet-class-a","tag-business","tag-business-news","tag-il","tag-indonesia","tag-iran","tag-israel","tag-markets","tag-meta-platforms-inc","tag-singapore","tag-south-korea","tag-united-states","tag-verizon-communications-inc","tag-world-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/508354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=508354"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/508354\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/498971"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=508354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=508354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=508354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}