Kospi plunges almost 2%, dragged by tech sell-off, as Asia-Pacific markets mostly fall
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc., displays an AMD Instinct MI455X GPU during the 2026 CES event in Las Vegas, Jan. 5, 2026.
Bloomberg | Bloomberg | Getty Images
Asia-Pacific markets mostly fell Thursday as the tech sell-off on Wall Street gained momentum, with cryptocurrencies also falling.
Notably, Advanced Micro Devices plunged 17% after its first-quarter forecast underwhelmed some analysts. Broadcom and Micron Technology also suffered major losses, falling about down 3.8%, while the latter fell 9.5%.
Bitcoin declined more than 3%, hovering just above the $73,000 level, after falling below that mark earlier.
In Asia, South Korea’s Kospi tumbled 1.31% as chip heavyweights Samsung and SK Hynix fell 3.61% and 4.56%, respectively. Other top losers included defense giant Hanwha Aerospace, which declined 4%.
Japan’s Nikkei 225 was marginally higher. Investment firm SoftBank Group Corp declining as much as 5% after chip designer Arm’s fiscal third quarter licensing sales missed estimates. The broad-based Topix was the only index in positive territory, up 0.47% and hitting a record high.
Australia’s S&P/ASX 200 was down 0.18%, dragged by energy stocks.
Hong Kong’s Hang Seng index futures were at 26,534, lower than the HSI’s last close of 26,847.32.
