South Korean Stock Market Closes Lower, Weighed Down by Tech Sector Losses

South Korea's stock markets ended the trading session in the red, as both the KOSPI and Kosdaq indices experienced declines. The broader KOSPI index exhibited resilience with only a minor dip, while the tech-focused Kosdaq index registered sharper losses, highlighting a challenging day for technology stocks.

KOSPI Index Holds Steady Amid Mild Decline

The KOSPI, South Korea's benchmark stock index, closed slightly lower on the 25th, settling at 3,471.11. This marks a modest decrease of 1.03 points, or 0.03%, compared to the prior session’s close at 3,472.14. The almost-flat performance suggests that the index managed to maintain relative stability despite broader market headwinds.

Kosdaq Index Under Pressure from Tech Weakness

In contrast, the Kosdaq index, heavily weighted toward technology-focused companies, faced a more pronounced drop. The index declined by 8.46 points, closing at 852.48, a 0.98% decrease from the previous session's 860.94. This sharper downturn reflects mounting pressure on high-growth sectors, underscoring a challenging trading environment for South Korea’s smaller and mid-cap tech stocks.

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