Seoul shares open lower on US losses
Seoul shares opened lower Tuesday, tracking overnight losses on Wall Street. After opening 0.95 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) traded down 57.86 points, or 0.92 percent, at 6,241.8 as of 9:15 a.m. On Monday (local time), the U.S. stock market edged down from its all-time high the previous session as oil prices rose on uncertainty about when the Strait of…
The Korea Times reports that Seoul shares opened lower on Tuesday, in line with overnight declines on Wall Street. The benchmark Korea Composite Stock Price Index (KOSPI) fell 0.92 percent, closing at 6,241.8 points. This comes after the U.S. stock market experienced a slight dip from its previous all-time high, as oil prices surged due to uncertainty surrounding the Strait of Hormuz's potential reopening for shipping.
Major indices such as the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all saw small declines. Among individual shares, Samsung Electronics and SK hynix, both major players in the tech sector, both experienced slight drops. The Korean won also weakened slightly against the U.S. dollar.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
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- (LEAD) Seoul shares open lower on U.S. losses en.yna.co.kr
- Seoul shares open lower on US losses koreatimes.co.kr
