Seoul Stock Exchange Drops Nearly 4% Led by Chip Makers

South Korea's benchmark stock index tumbled nearly 4% led by semiconductor shares, Calcalist and Globes reported.

The Seoul stock exchange dropped sharply by nearly 4%, leading market declines across Asia, Calcalist and Globes reported. According to the reports, the drop in South Korea's market was driven primarily by shares of semiconductor manufacturers and technology companies.

Alongside the declines in equity markets, global crude oil prices recorded modest gains, with Brent crude trading around $110 per barrel. The movements come ahead of scheduled financial earnings reports from major American technology firms later this week.

Further details and comprehensive data regarding the close of trading across Asian markets have not yet been released.