Asian markets are sharply lower following a significant drop in the Nasdaq on Friday. The South Korean Kospi index, heavily influenced by tech giants Samsung and SK Hynix, has fallen nearly 15% from a recent record high. This sell-off in the tech sector is indicative of broader market trends.

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Tech sell-off widens as South Korea index plunges

Asian markets start week sharply lower after Nasdaq’s big Friday fall

Bank employees monitor financial data on multiple screens at Hana Bank’s dealing room, with one employee speaking on the phone. South Korea’s Kospi, which is dominated by chipmakers Samsung and SK Hynix, is down almost 15% from last week’s record high© Chris Jung/NurPhoto via Reuters

Song Jung-a in Seoul and Leo Lewis in Tokyo

PublishedJune 8 2026

UpdatedJune 8 2026

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