The Korea Composite Stock Price Index (Kospi) fell by as much as 3.1%, marking its second consecutive session of decline. This drop followed a downturn in U.S. chip stocks and the breakdown of wage negotiations between Samsung Electronics and its labor union. After reports of the failed talks emerged, concerns over a potential strike led Samsung Electronics shares to tumble by up to 6.1%. SK Hynix also saw its shares decline by as much as 2.9%, pressured by overnight losses among U.S. chip and artificial intelligence sector peers. The small-cap focused Kosdaq index experienced a maximum decline of 2%.