Asian markets were mixed at the end of Monday’s trading session, but South Korean equities sunk deeper into last week’s selloff.
South Korea’s KOSPI Index fell 4.5% to close at its lowest level since the end of April. China’s Shanghai Composite and Hong Kong’s Hang Seng Index ended their respective trading days up 0.9% and 2.4%, respectively. Japan’s market was closed in observance of the Marine Day holiday.
Last Friday’s selloff was part of a broader rotation out of tech, specifically semiconductors, leading the Asian market especially exposed given the region’s prominence in the chip trade.
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