South Korea's Kospi index slid more than 1% on Thursday, marking a third consecutive day of declines as selling pressure intensified in the technology sector.
Retail investors drove the latest leg of the downturn, heavily offloading tech shares following deep losses in the previous two sessions.
Yonhap reported that retail investors were the primary sellers, exacerbating the downward momentum in a market already sensitive to external tech volatility.
The sustained sell-off reflects growing anxiety among domestic traders regarding the sustainability of global artificial intelligence spending and its impact on semiconductor demand.
The benchmark index has now extended its losses for three straight days, with major chip stocks bearing the brunt of the selling.
The decline tracks an overnight slump in U.S. technology shares, with Seoul’s tech-heavy market reacting sharply to the broader global repricing of AI-related equities.
Yonhap reported that retail investors were the primary sellers, exacerbating the downward momentum in a market already sensitive to external tech volatility.