South Korea’s benchmark Kospi index opened 4.46% lower on Wednesday, marking a steep decline for the Asian market.
The sharp drop followed a session of heavy selling on Wall Street, where technology stocks led losses amid broader risk-off sentiment.
Investors are also reacting to cautious signals from the Federal Reserve, which have added to uncertainty regarding the near-term interest rate path.
Investors are also reacting to cautious signals from the Federal Reserve, which have added to uncertainty regarding the near-term interest rate path.
The sell-off in Seoul extends a week of pressure across Asian equities.
Global markets have been grappling with volatility as tech-heavy indices struggle to find support.
The combination of US market weakness and policy caution has triggered a broad repricing of risk assets, with Korean exporters and tech-linked names facing particular headwinds.