According to Yonhap, Seoul stocks opened slightly higher Tuesday but soon slipped into negative territory as bargain hunting in beaten-down tech shares faded amid concerns over escalating tensions in the Middle East. The benchmark Korea Composite Stock Price Index (KOSPI) was down 38.56 points, or 0.59%, at 6,477.71 as of 9:15 a.m., after rising as much as 0.58% at the open. The KOSPI fell 4.46% on Monday after dropping 6.37% on Friday.
Overnight, major U.S. indexes also closed lower as investors weighed the risk of renewed hostilities in the Middle East while waiting for earnings from major technology companies later this week. The S&P 500 slipped 0.2%, the Dow Jones Industrial Average lost 0.6%, and the Nasdaq edged down 0.05%. In Seoul, Samsung Electronics rose 2.25% and SK hynix gained 0.28%, while Hyundai Motor fell 3.26%, LG Energy Solution dropped 0.31% and Hanwha Aerospace edged down 0.11%. The Korean won was trading at 1,475.7 against the U.S. dollar, up 2.2 won from the previous session.
KOSPI Turns Lower After Opening Higher As Middle East Tensions Weigh On Tech
2026-07-21 00:31:06
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