South Korea’s benchmark Kospi index closed lower on Monday, extending a session of cautious trading as investors weighed geopolitical risks against domestic market dynamics.
The decline was driven primarily by weakness in the technology sector, which faced selling pressure alongside broader risk-off sentiment.
Investor caution remained elevated amid renewed concerns over the fragile U.S.-Iran ceasefire and rising oil prices.
The geopolitical backdrop has continued to cloud market sentiment, with traders wary of potential disruptions to energy supplies and global trade routes.
The Kospi’s slide marks a continuation of the risk-off trend that has plagued Asian markets in recent sessions.
Earlier in the day, the index opened 1.08% lower, reflecting immediate anxiety over unresolved U.S.-Iran peace negotiations.