South Korean stocks tumbled nearly 4 percent on Friday, ending a four-day winning streak, as weakening expectations for an imminent interest rate cut sparked a broad sell-off.

South Korean shares closed at a fresh record high for the fourth consecutive session on Monday, driven by optimism over easing trade tensions between the United States and China.

South Korean equities reached a new all-time high Friday following the seven-day Chuseok holiday, driven by strong performances from Samsung Electronics and SK hynix.