Asian equities slide as tech selloff spreads to South Korea

Selling pressure extends across the region, with South Korea’s Kospi and Japan’s Nikkei 225 both lower as Wall Street tech losses weigh on sentiment.

By Handelsavisen Newsroom · Automated 2026-06-23 04:30 UTC · 1 min read

Asian equity markets opened lower on Tuesday, with selling pressure broadening across the region.

The decline was particularly sharp in South Korea, where major chipmakers led the index lower, while Japan’s Nikkei 225 also shed ground.

34% lower, extending the negative momentum from previous sessions.

The weakness reflects a continuation of the week-long downturn that has gripped Asian equities, driven by overnight losses on Wall Street where technology stocks faced heavy selling.

South Korea’s benchmark Kospi index opened 0.34% lower, extending the negative momentum from previous sessions.

The tech-heavy sector in Seoul has been a focal point of the decline, with large-cap semiconductor firms dragging on broader market performance.

In Japan, the Nikkei 225 fell 0.9%, underscoring the regional breadth of the selloff.