{"id":815,"date":"2026-06-05T11:47:43","date_gmt":"2026-06-05T11:47:43","guid":{"rendered":"https:\/\/sotnews.agency\/?p=815"},"modified":"2026-06-05T11:47:43","modified_gmt":"2026-06-05T11:47:43","slug":"seoul-shares-down-nearly-4-late-friday-morning-as-tech-shares-slide","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=815","title":{"rendered":"Seoul shares down nearly 4% late Friday morning as tech shares slide"},"content":{"rendered":"
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The KOSPI index is displayed at a dealing room of Hana Bank in Seoul, Friday. Newsis<\/p>\n<\/div>\n<\/div>\n

Seoul shares traded nearly 4 percent lower as investors locked in profits from a recent tech-led rally while monitoring uncertainty over U.S.-Iran peace negotiations.<\/p>\n

After opening 3.44 percent lower, the Korea Composite Stock Price Index (KOSPI) lost 334.97 points, or 3.88 percent, to 8,304.44 as of 11:20 a.m., recovering some of its earlier losses after plunging as much as 6.88 percent.<\/p>\n

The Korea Exchange suspended program trading for the KOSPI for five minutes at around 9:08 a.m., a measure issued when the KOSPI 200 Futures index decreases 5 percent or more for at least one minute.<\/p>\n

Overnight, major U.S. stocks closed mixed.<\/p>\n

The Dow Jones Industrial Average rose 1.73 percent, and the S&P 500 added 0.41 percent to 7,584.31. The tech-heavy Nasdaq composite slipped 0.09 percent as declines in artificial intelligence (AI)-related stocks weighed on the index.<\/p>\n

Broadcom tumbled more than 12 percent after the U.S. chipmaker’s quarterly results and outlook for AI-related revenue fell short of investors’ elevated expectations.<\/p>\n

Oil prices retreated after three consecutive sessions of gains, as investor sentiment improved following reports that Israel had agreed to a conditional ceasefire with Lebanon.<\/p>\n

In Seoul, most large-cap shares retreated.<\/p>\n

Market bellwether Samsung Electronics fell 3.56 percent, and its rival chipmaker SK hynix sank 5.96 percent.<\/p>\n

AI investment firm SK Square decreased 5.51 percent, and top automaker Hyundai Motor fell 3.14 percent.<\/p>\n

LG Electronics shed 8.23 percent, and Naver decreased 5.98 percent.<\/p>\n

The Korean won was trading at 1,546.1 won against the U.S. dollar as of 11:20 a.m., down 16.4 won from the previous session.<\/p>\n

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The KOSPI index is displayed at a dealing room of Hana Bank in Seoul, Friday. Newsis Seoul shares traded nearly 4 percent lower as investors locked in profits from a recent tech-led rally while monitoring uncertainty over U.S.-Iran peace negotiations. After opening 3.44 percent lower, the Korea Composite Stock Price Index (KOSPI) lost 334.97 points,…<\/p>\n","protected":false},"author":1,"featured_media":816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[16,14],"tags":[],"class_list":{"0":"post-815","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-korea","8":"category-trending-news"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=815"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/816"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}