South Korean Shares Fall on Tech Selloff

The benchmark KOSPI slipped more than 5% to around 6,710 on Friday, snapping a three-day rally as a selloff in technology stocks weighed on investor sentiment. South Korean chipmakers declined sharply following a selloff in major US technology companies, which raised concerns that slowing returns from heavy AI investments could weaken demand expectations for semiconductor suppliers. Samsung Electronics and SK hynix both fell more than 7%, alongside losses in SK Square (-6.1%), Hyundai Motor (-9.1%), LG Energy Solution (-5.5%), and KB Financial Group (-5.0%). At the same time, Brent crude climbed above $100 per barrel amid escalating Middle East tensions, fueling concerns over energy supply disruptions and prompting a broader risk-off move across global markets. Foreign investors sold around KRW 1.6 trillion worth of Korean equities, further weighing on sentiment. Separately, new US tariff measures on South Korea and other trading partners added to uncertainty over the export outlook.





