Seoul stocks buck gains on Wall Street to open lower
Seoul stocks bucked gains on Wall Street to open lower Monday as investors dumped tech heavyweights. The benchmark Korea Composite Stock Price Index (KOSPI) was down 31.68 points, or 0.63 percent, to 5,028.01 points, as of 9:15 a.m. Major stock indexes in the U.S. closed higher Friday (local time), led by a rebound in chipmakers despite fears of tighter artificial intelligence (AI) regulations…
Seoul stocks opened lower on Monday, bucking the gains seen on Wall Street, with the benchmark Korea Composite Stock Price Index (KOSPI) falling 0.63 percent to 5,028.01 points. This decline was driven by investors dumping tech heavyweights, as concerns surrounding Nvidia Corp. and the Federal Reserve's policy directions weighed on the market.
Despite a rebound in chipmakers on U.S. stock indexes, uncertainties surrounding the company and its CEO Jensen Huang, along with the Federal Reserve's potential moves, have left investors cautious and digesting the implications of recent developments.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- The market bloodbath just exposed Wall Street’s true fears about U.S. debt, top economist warns fortune.com
- (LEAD) Seoul stocks buck gains on Wall Street to open lower en.yna.co.kr
- Seoul stocks buck gains on Wall Street to open lower koreatimes.co.kr
- Corporate America’s profit numbers are just barely beating Wall Street’s expectations marketwatch.com
