Asian equity markets opened lower on Monday, with selling pressure concentrated in technology-heavy indices.
The Kospi in South Korea faced the steepest headwinds, posting significant losses as investors continued to trim exposure to semiconductor giants.
7% on Friday, driven by a rotation out of high-growth tech names.
The broad-based weakness reflects a persistent risk-off sentiment across the region, following a difficult session for Asian equities on Friday.
The MSCI Asia Pacific Index closed down 1.7% on Friday, driven by a rotation out of high-growth tech names.
That decline set a negative tone for the start of the week, with traders wary of further downside in the sector.
The fragility of the recent rally is evident as markets fail to sustain gains despite occasional rebounds in US technology stocks.