Foreign selloff in Asia stocks continues in February; Seoul hardest hit

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices jump over 3% as Middle East war escalates, fuels supply fears Iran conflict latest: Hegseth says Iran conflict has "only just begun" Gold prices rebound from previous session’s hefty drop, helped by weaker dollar Nasdaq ends more than 1% higher as solid economic data lifts spirits (South Africa Philippines Nigeria) Foreign selloff in Asia stocks continues in February; Seoul hardest hit By Economy Published 03/04/2026, 11:08 PM Updated 03/04/2026, 11:12 PM Foreign selloff in Asia stocks continues in February; Seoul hardest hit 0 IXIC 1.29% NSEI 0.44% JKSE 1.61% TSETECH 2.57% KS11 8.97% SETI 1.87% VNI 1.22% PSI 0.61% By Gaurav Dogra March 5 - Foreigners sold Asian equities for a fourth straight month in February, as they booked profits and sharply cut exposure to South Korea amid concerns over stretched technology sector valuations and rising geopolitical risks. South Korea saw record foreign outflows of $13.67 billion last month, erasing about $5.36 billion from regional equities, per LSEG data covering exchanges in South Korea, Taiwan, Thailand, India, Indonesia, Vietnam and the Philippines. The U.S. Nasdaq Composite fell 3.4% last month, as investors turned cautious over lofty valuations and risks tied to major technology firms’ artificial intelligence spending plans. "AI-related valuation jitters were not confined to the U.S. but reverberated globally, contributing to a broader reduction in risk appetite," said Dat Tong, a Senior Financial Markets Strategist at Exness. South Korea’s benchmark KOSPI slid roughly 10.9% so far this month, as investors unwound crowded chipmaker positions on worries that a widening Middle East war could trigger an oil shock that raises inflation and delays interest rate cuts. "We still see near-term upside on the memory super-cycle, but the non-tech sectors (in South Korea) are now expensive," William Bratton, the head of cash equity research, APAC at BNP Paribas, sai...