South Korea’s benchmark Kospi index opened 1.6% lower on Monday, extending a sharp downturn that has gripped Asian markets over the past two trading sessions.
The decline was driven primarily by losses in the technology sector, which continues to face selling pressure following heavy outflows on Wall Street.
46% on Wednesday and opened significantly lower again on Thursday.
The market move follows a volatile period for the Korean benchmark, which plunged 4.46% on Wednesday and opened significantly lower again on Thursday.
Those sessions marked some of the steepest single-day drops for the index in recent months, reflecting broader risk-off sentiment across global equities.
Technology stocks remain the primary drag on the Kospi, mirroring the weakness seen in US markets where tech giants led losses amid concerns over valuation and growth prospects.
The spillover effect has intensified selling in Seoul, where domestic tech names are heavily weighted in the index.