South Korea’s benchmark Kospi index opened sharply lower on Thursday, continuing a period of volatility for the Asian market.
The decline was driven by a sell-off in US semiconductor shares, which weighed heavily on regional sentiment, while investors digested fresh comments from Federal Reserve Chairman Kevin Warsh.
The market move reflects broader risk aversion following heavy selling on Wall Street, where technology stocks led losses.
The Kospi’s drop marks another session of weakness for the index, which has struggled to maintain momentum amid global tech sector turbulence.
This follows a steep decline earlier in the week, when the Kospi opened 4.46% lower on Wednesday.
The index also faced pressure on Friday, weighed down by overnight losses in US technology stocks and domestic profit-taking after a sharp rally in the previous session.