South Korea's KOSPI plunges over 6% amid global tech selloff

South Korea’s main stock index, the KOSPI, fell more than 6% in trading. The decline extended a broader sell‑off in technology shares worldwide. Investors reacted to weakening earnings forecasts from key Korean firms. The slump pressured the broader Asian markets and heightened volatility. Analysts cite rising global interest rates as a driver of the sell‑off. The KOSPI’s drop erodes recent gains made earlier in the year. Market participants are watching for policy responses from the Korean central bank. Continued weakness could influence foreign investment flows into the region.