Asian shares are mostly lower as Kospi falls 4% and tech giants decline on Wall Street

Asian stock markets experienced a broad decline on Thursday, led by a significant drop of more than 4% in South Korea’s Kospi index. The downturn follows recent losses among major technology companies on Wall Street, which contributed to negative sentiment across the region. Specific pressure was noted on memory chipmaker SK Hynix.

Amidst the equity market volatility, global oil prices remained stable, with Brent crude trading near $79 per barrel. Market participants are currently navigating an environment marked by uncertainty regarding broader economic conditions.