South Korea’s Kospi plunged over 10% overnight, led by sharp declines in SK Hynix and Samsung Electronics, while US equity futures rose modestly.
South Korea’s Kospi index dropped more than 10% in overnight trading, with SK Hynix down nearly 15% and Samsung Electronics falling 13%. The selloff in Asian tech stocks contrasted with a modest rebound in US markets, where Dow Jones Industrial Average futures gained about 1% and S&P 500 futures traded slightly higher.
The Kospi’s decline follows a period of volatility in global equities, though US futures suggest cautious optimism ahead of the open. The divergence highlights regional market pressures, particularly in semiconductor and electronics sectors, which have faced recent headwinds.
No immediate market reaction data was provided for US cash markets, which remain closed ahead of the regular session.