{"id":9724,"date":"2026-10-19T02:51:04","date_gmt":"2026-10-19T02:51:04","guid":{"rendered":"https:\/\/sotnews.agency\/?p=9724"},"modified":"2026-10-19T02:51:04","modified_gmt":"2026-10-19T02:51:04","slug":"seoul-stocks-open-sharply-lower-after-us-tech-sell-off","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=9724","title":{"rendered":"Seoul stocks open sharply lower after US tech sell-off"},"content":{"rendered":"
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The KOSPI index is displayed at a dealing room of Hana Bank in Seoul, Monday. Yonhap<\/p>\n<\/figcaption><\/figure>\n

Seoul shares opened sharply lower Monday in the wake of a technology-centered sell-off on Wall Street, as concerns mount over whether heavy investment in artificial intelligence (AI) infrastructure can generate sufficient returns.<\/p>\n

After opening 3.17 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) narrowed losses, trading down 95.95 points, or 1.69 percent, at 5,572.10 as of 9:15 a.m.<\/p>\n

The KOSPI rose 2.05 percent to close at 5,668.05 on Friday, snapping a seven-session losing streak during which it had fallen 6.3 percent.<\/p>\n

On Friday (U.S. time), the Dow Jones Industrial Average fell 0.34 percent and the tech-heavy Nasdaq Composite plunged 2.14 percent.<\/p>\n

Investors remain cautious ahead of earnings reports from major companies, including Tesla and Meta Platforms, due this week, as well as the Nov. 3 U.S. midterm elections, amid continued uncertainty over the interest rate outlook, analysts said.<\/p>\n

In Seoul, tech stocks led the decline.<\/p>\n

Market bellwether Samsung Electronics gave up 1.28 percent and its chipmaking rival SK hynix declined 2.83 percent.<\/p>\n

Top carmaker Hyundai Motor backtracked 1.12 percent and leading shipbuilder HD Hyundai Heavy Industries shed 3.7 percent.<\/p>\n

Among gainers, national flag carrier Korean Air rose 1.14 percent and leading steelmaker POSCO Holdings climbed 0.51 percent.<\/p>\n

The Korean won was trading at 1,334.15 won against the U.S. dollar at 9:15 a.m., up 2.35 won from the close of the previous stock trading session.<\/p>\n

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The KOSPI index is displayed at a dealing room of Hana Bank in Seoul, Monday. Yonhap Seoul shares opened sharply lower Monday in the wake of a technology-centered sell-off on Wall Street, as concerns mount over whether heavy investment in artificial intelligence (AI) infrastructure can generate sufficient returns. After opening 3.17 percent lower, the benchmark…<\/p>\n","protected":false},"author":1,"featured_media":9725,"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,"_templately_pack_id":"","_templately_imported_at":"","_templately_source":"","_templately_import_session_id":"","footnotes":""},"categories":[16,14],"tags":[],"class_list":["post-9724","post","type-post","status-publish","format-standard","has-post-thumbnail","category-korea","category-trending-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t