Asian equity markets opened Wednesday with a decisive reversal in South Korea, where the Kospi index surged approximately 3% to lead a regional rebound.
The sharp recovery follows a severe sell-off on Tuesday, when the MSCI Asia Pacific Index plummeted 3.6%—its steepest decline since early March—driven by aggressive profit-taking in technology stocks.
While Seoul’s markets rallied, Japan’s Nikkei continued to slide, reflecting persistent weakness in global tech valuations that spilled over from Wall Street’s recent losses.
The divergent performance highlights a fragmented regional sentiment.
Investors are currently evaluating whether the technology sector’s correction has reached a bottom or if further downside remains.
The Kospi’s bounce suggests some buying interest has returned to Korean tech names, which were among the hardest hit during Tuesday’s rout.