South Korea’s benchmark Kospi index opened lower on Friday, weighed down by overnight losses in US technology stocks and domestic profit-taking following a sharp rally in the previous session.
Investors are navigating cautious sentiment as they digest the broader sell-off in US tech giants, which has rippled across Asian markets.
The decline marks a continuation of selling pressure that has gripped Asian equities throughout the week.
After a strong performance on Thursday, traders in Seoul are now booking gains, adding to the downward momentum initiated by Wall Street’s tech sector weakness.
The Kospi’s slide reflects a broader risk-off tone in the region, with investors reassessing exposure amid volatile global cues.
Samsung Electronics and SK Hynix, key bellwethers for the Korean market, are among the stocks facing pressure as the tech-heavy index struggles to find footing.