Asian Shares Turn Cautious As Kospi Slides Arabian Post

(MENAFN- The Arabian Post) clearfix"> Asian equities traded cautiously on Friday as South Korea's Kospi fell sharply, with investors cutting exposure to heavyweight technology stocks ahead of Federal Reserve Chair Kevin Warsh's closely watched Jackson Hole address.

The Kospi closed 1.79% lower at 6,788.88, shedding 123.49 points and snapping a three-session advance. Samsung Electronics dropped 3.38% to 257,000 won, while SK hynix fell 4.45% to 1.653 million won as investors locked in gains following an earlier technology rally fuelled by strong results from Nvidia. Foreign and institutional investors sold a combined 2 trillion won of Seoul-listed shares, while retail investors were net buyers.

The retreat highlighted growing caution over valuations in artificial intelligence-linked stocks. Nvidia had jumped nearly 9% in the previous Wall Street session after delivering strong quarterly results and indicating that spending on artificial intelligence infrastructure remained robust. The performance initially lifted technology stocks across the region, but enthusiasm faded in Seoul as attention shifted towards interest rates and the outlook for global bond yields.

MENAFN28082026000152002308ID1111592968