After the overnight drop in US technology stocks, the South Korean Kospi index fluctuated.

After falling 1.6% at one point, the South Korean Kospi index quickly recovered lost ground and is currently trading mostly flat. Chip manufacturers Samsung and SK Hynix erased their early losses, while defense stocks like Hanwha Aerospace, LIG Nex1, and Hyundai Rotem were among the biggest drags on the index. The broader Korean Composite Stock Price Index is still down around 2% this week, on track for its worst weekly performance since early August. The small-cap Kosdaq index fell by 1.7% at one point before recovering most of its losses.