South Korea’s benchmark Kospi index opened sharply lower on Thursday, reversing the positive sentiment that had lifted US equities in the previous session.
The decline was driven primarily by losses in major technology companies on Wall Street, which overshadowed signs of progress on the Strait of Hormuz situation.
46% lower, marking one of the sharpest drops for the Asian market in recent weeks.
Investors appear to be prioritizing the tech sector's volatility over the potential de-escalation of shipping risks in the Middle East.
The market move follows a steep decline on Wednesday, when the Kospi index opened 4.46% lower, marking one of the sharpest drops for the Asian market in recent weeks.
That session was characterized by heavy selling on Wall Street, where technology stocks led losses amid broader geopolitical uncertainty.
The continuity of selling pressure into Thursday suggests that market participants remain cautious about the near-term outlook for global tech equities.