Seoul Market Slides 1.2% as Retail Investors Exit Tech Stocks
Korean equities extended losses for a third consecutive session as AI spending concerns and Fed uncertainty drove retail selling pressure
Every BriefAsia story tagged Technology Stocks, newest first.

Korean equities extended losses for a third consecutive session as AI spending concerns and Fed uncertainty drove retail selling pressure

Politburo's rare mention of capital markets fuels expectations of expanded intervention after initial state buying fails to reverse decline

AEM and UMS Integration lead a sharp rebound following Wall Street's tech rally, while bank stocks weigh on the broader index

South Korea's Kospi plunged 10.2 percent while Tokyo's Nikkei dropped over four percent as semiconductor stocks bore the brunt of a region-wide rout triggered by concerns over AI valuations and reports of China's chipmaking advance.

Government intervention in $15 trillion equity market targets strategic sectors amid AI volatility and geopolitical uncertainty

Tokyo and Seoul equities rallied on renewed tech appetite while oil markets absorbed news of Iranian strikes on US military installations in Kuwait and Bahrain

The Kospi fell 0.59 percent by mid-morning as Middle East tensions outweighed buying interest in technology stocks, extending losses from a 10.8 percent drop over two days.

Blue-chip indices recorded their third consecutive decline while smaller stocks advanced, highlighting divergence in investor sentiment