South Korea’s benchmark Kospi index fell sharply late Thursday morning, extending a multi-day decline driven by persistent selling in the technology sector.
The index opened 1.81 percent lower, marking the third consecutive session of losses as investors continued to dump large-cap tech shares following a brief rise in previous sessions.
The sell-off reflects a deepening rout in Seoul’s tech-heavy market, which has tracked an overnight slump in U.S. technology shares.
Major chip stocks led the decline, weighing heavily on the benchmark as risk appetite cooled across Asian equities.
This development follows a sharp sell-off in major chip stocks late Tuesday morning and further losses on Wednesday, when the Kospi dipped more than 1 percent.
The sustained pressure highlights the sensitivity of Korean equities to global tech sentiment and the lack of immediate support for the sector.