South Korea’s benchmark Kospi index opened 5.26% lower on Tuesday, marking the steepest single-session decline in a rapidly deteriorating market environment.
The sharp drop was driven primarily by heavy selling in the technology sector, which has been the main source of weakness across Asian equities in recent trading sessions.
The current 5.26% gap down signals that investor sentiment has continued to deteriorate, with no signs of stabilization in the early trading hours.
The selloff extends a sharp downturn that has gripped the region over the past two trading days.
On Monday, the Kospi opened 1.6% lower, while Wednesday’s session saw the index open 4.46% lower following heavy selling on Wall Street, where technology stocks also led losses.
The current 5.26% gap down signals that investor sentiment has continued to deteriorate, with no signs of stabilization in the early trading hours.
Technology stocks remain the primary drag on the index, reflecting broader concerns about growth prospects and valuation multiples in the sector.