* US employers add 57,000 jobs in June against expectations

for 110,000

* South Korea's KOSPI slumps nearly 8%; US chip index down

6%

* Oil held steady as traders watch Iran-US talks on

reopening Strait of Hormuz shipping

(Updates prices throughout, adds comment in paragraph 4)

By Rodrigo Campos

NEW YORK, July 2 (Reuters) - A gauge of stocks across the

world dipped on Thursday, weighed down by semiconductor shares,

while the dollar fell as weak U.S. payrolls data eased bets that

the U.S. Federal Reserve will raise interest rates by the end of

the year.

In South Korea, the KOSPI index tumbled nearly 8% as Meta

Platforms' ( META ) plan to sell computing power raised questions over

excess AI capacity. A U.S. index of semiconductor shares

dropped more than 6%. European stocks rose, boosted partly by

the expectation of fewer rate hikes.

U.S. data showed job growth slowed more than expected in

June while payroll gains for the prior two months were revised

lower, pointing to a cooling labor market and dialing back

expectations for a near-term interest rate hike from the Fed.

Some 57,000 jobs were added last month, versus an expectation of

110,000.

The U.S. central bank "has been talking tough on inflation,

and a stronger labor market would have only raised the

temperature," said eToro U.S. investment analyst  Bret Kenwell.

"Today's report doesn't scream labor-market trouble, but it does

cool the narrative a bit."

The dollar index, which measures the greenback

against a basket of peer currencies, fell 0.52% - the most in

two months - to 100.87, with the euro up 0.47% at $1.143.

Against the Japanese yen, the dollar weakened 0.91% to

161.08.

Emerging market currencies also strengthened versus the

dollar, up 0.3% on the day.

Oil prices were little changed, with traders eyeing progress in

talks between Iran and the U.S. over ending the four-month war

that shut shipping through the Strait of Hormuz.

U.S. crude rose 0.06% to $68.62 a barrel and Brent

rose to $71.65 per barrel, up 0.11% on the day.

In equity markets, the chipmakers' pullback weighed on

indexes with the S&P 500 falling 32.26 points, or 0.44%,

to 7,450.97 while the Nasdaq Composite fell 309.35

points, or 1.19%, to 25,730.69. The Dow Jones Industrial Average

rose 291.82 points, or 0.56%, to 52,597.06. Meta

Platforms ( META ) fell more than 4%.

MSCI's gauge of stocks across the globe fell

2.44 points, or 0.22%, to 1,115.51. The pan-European STOXX 600

index rose 1.41%, while emerging market stocks

fell 33.61 points, or 1.95%, to 1,688.32.

Spot gold rose 2.21% to $4,118.79 an ounce and spot

silver rose 2.54% to $60.64 an ounce, partly supported by

the dollar's weakness.

U.S. markets will be closed on Friday to observe the

Independence Day holiday, which falls on Saturday.