South Korea’s benchmark Kospi index extended its losses late Tuesday morning, driven by a sharp sell-off in major chip stocks.
The decline tracked an overnight slump in U.S. technology shares, with Seoul’s tech-heavy market absorbing the risk-off sentiment from Wall Street.
The index opened 0.34% lower, continuing a week of selling pressure across Asian equities.
The index opened 0.34% lower, continuing a week of selling pressure across Asian equities.
Semiconductor names, which have been central to recent market volatility, faced renewed selling as investors digested the broader tech sector pullback in the United States.
This move marks a reversal from the record highs seen just days prior, when geopolitical relief and a chip rally had pushed the Kospi above 9,100.
The rapid shift underscores the sensitivity of Korean equities to global tech sentiment and the fragility of the recent bullish momentum.