Bitcoin plunges up to 8% and South Korea’s Kospi sinks nearly 4% in the latest tech-led sell-off

Associated Press (AP)CenterEN 4 min read 100% complete by By ELAINE KURTENBACHFebruary 5, 2026 at 08:53 AM

AI Summary

long article 4 min

On Thursday, Asian markets experienced a tech-led sell-off, causing significant declines. Bitcoin plunged as much as 8%, while South Korea's Kospi index sank nearly 4%. The downturn was fueled by renewed concerns regarding high valuations of technology stocks. U.S. futures also edged lower, reflecting the global impact of the tech stock jitters. The events took place in Asia, with repercussions felt in the U.S. futures market, indicating a broader market concern. Oil prices were also affected by the sell-off.

Key Entities & Roles

Key Player Opposition Context

Anthony Matesic 30% Hana Bank 40% Asia 40% Seoul ×250% Dow Jones industrial average 50% New York Stock Exchange ×260% South Korea ×370% Kospi ×380% Bitcoin ×290%

Keywords

bitcoin 90% sell-off 80% kospi 70% technology stocks 70% stock market 60% price plunge 60% financial markets 50%

Sentiment Analysis

Negative

Score: -0.40

Source Transparency

Source

Associated Press (AP)

Political Lean

Center (0.00)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

South Korea

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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bitcoin sell-off kospi technology stocks stock market price plunge financial markets

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