South Korea’s benchmark Kospi index opened 0.34% lower on Tuesday, continuing a week of selling pressure across Asian markets.
The decline was primarily driven by overnight losses on Wall Street, where technology stocks led the downturn, spilling over into Seoul’s opening session.
This marks the second consecutive day of losses for the Kospi, which fell 1.08% on Monday amid broader investor caution.
The persistent risk-off sentiment reflects ongoing uncertainty in global markets, with traders closely monitoring U.S. equity performance for directional cues.
The sell-off underscores the sensitivity of Asian markets to U.S. tech sector volatility.
As global growth concerns linger, investors remain hesitant to commit to new positions, favoring defensive strategies until clearer signals emerge from Western markets.