South Korea’s benchmark Kospi index fell 2.11%, or 161.84 points, to close at 7,494.47 on Wednesday, marking a continuation of the downward pressure that has gripped the market.
The decline was driven primarily by heightened volatility in the semiconductor sector, with major chipmakers leading the sell-off.
Samsung Electronics, the country’s largest technology firm and a heavyweight on the index, faced renewed downward pressure, dragging the broader market lower.
The domestic tech-heavy market tracked an overnight slump in U.S. technology shares, reflecting global risk-off sentiment in the sector.
The choppy session saw investors rotate away from high-beta tech names amid uncertainty over near-term demand and valuation levels.
This move extends losses from late Tuesday, when the Kospi also extended its decline on a sharp sell-off in major chip stocks.