Tech Sector Drag Threatens South Korea Stocks on Jan 29, 2026

Technology shares may pull down South Korean equities on January 29, 2026, as global semiconductor demand softens and export-sensitive firms face headwinds. Export-reliant giants like Samsung Electronics (005930.KS) and SK Hynix (000660.KS) are under pressure amid slowing chip orders from key markets. The Kospi index fell 1.2% in early trading, with tech accounting for over 30% of the benchmark’s weighting. Analysts cite inventory corrections in North America and Europe as primary catalysts. Market participants are closely watching U.S. Fed policy signals and China’s recovery pace, both critical to South Korea’s tech-driven growth model. Foreign outflows reached $187 million in the prior session, per exchange data.