Seoul Stock Market Reverses Gains as Technology Sector Slumps
Trading on the Seoul stock exchange ended lower, halting a three-day winning streak as technology shares faced significant selling pressure. Investors adjusted positions amid shifting expectations for the semiconductor and electronics industries.
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Seoul stocks snap 3-day rise on tech slump
Seoul stocks closed sharply down Friday to snap their three-day winning streak, as investors sold off tech heavyweights amid external uncertainties, such as Washington's trade policy. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index closed down 123.49 points, or 1.79 percent, to 6,788.88. Trade volume was light at 287.6 million shares worth 19.9 trillion won ($14.5 billion). Winners outnumbered losers 638 to 237. Foreign and institutional investors were
By The Korea Herald
Read full article →(2nd LD) Seoul stocks snap 3-day rise on tech slump
SEOUL, Aug. 28 (Yonhap) -- Seoul stocks closed sharply down Friday to snap their...
By Kang Jae-eun
Read full article →Coverage Timeline
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