Kospi opens lower as Wall Street tech losses weigh on Asian markets

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 faced broad selling pressure.

The risk-off sentiment that has gripped Asian markets extended into the Seoul session, with investors reacting to the weaker tone from US equities.

The Kospi's drop reflects the ongoing sensitivity of Asian markets to US tech performance, particularly as global investors reassess valuations in the sector.

This marks another day of downward pressure for the Kospi, which has struggled to find footing amid broader regional weakness.

The correlation with US tech stocks remains a key driver for Korean equities, given the significant weight of technology and semiconductor firms in the index.