South Korean Shares Drop on Tech Slide

2025-11-14 02:30 By Erika Ordonez 1 min. read

The benchmark KOSPI fell 3.81% to close at 4,012 on Friday, reversing sharply following gains in the previous sessions, amid a deepening global tech selloff and fading odds of a December Fed rate cut.

Heavy losses in major US and Asian tech names weighed on sentiment, as investors continued selling AI-related stocks after several sessions of valuation-driven corrections.

Steep drops were seen in Samsung Electronics (-5.16%), SK Hynix (-7.68%), LG Energy Solution (-4.44%), Hyundai Motor (-2.15%), Doosan Enerbility (-5.54%), KB Financial Group (-2.25%), and SK Square (-10.05%).

Sentiment was further restrained as recent US data and Fed communications tempered expectations for near-term easing, prompting investors to scale back positions across regional markets.

At the same time, the won’s sustained weakness and renewed attention on FX stability kept traders defensive amid concerns that persistent outflow pressures and volatile currency moves could intensify market fragility.



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