South Korea’s benchmark Kospi index opened lower on Friday, continuing a week of sustained selling pressure across Asian markets.
The decline was driven by overnight losses on Wall Street, particularly in the technology sector, alongside profit-taking following a sharp rally in the previous session.
Investors are increasingly cautious about the valuation of artificial intelligence (AI) stocks, a sentiment that has spilled over from US markets to Seoul.
The Kospi’s slide reflects broader risk-off positioning as traders digest the mixed signals from global tech giants and reassess exposure to high-multiple growth names.
This marks another day of weakness for the index, which has struggled to maintain momentum amid shifting global risk appetite.
The selling pressure underscores the sensitivity of Korean equities to US market trends, particularly when technology stocks face headwinds.