Seoul Stocks Open Sharply Lower Due to Tech Selloff
Seoul stocks opened sharply lower, with a 2.4 percent drop, primarily driven by a significant selloff in the technology sector. This decline reflects broader market concerns impacting tech shares.
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Seoul stocks open sharply lower on tech selloff
Seoul shares opened sharply lower Tuesday, following overnight losses in US technology shares, as investors remained cautious ahead of key events, including the upcoming earnings release from US chip giant Nvidia. After opening 2.4 percent lower, the benchmark Korea Composite Stock Price Index (Kospi) extended its losses, trading 244.84 points, or 3.66 percent, lower at 6,452.12 as of 9:15 a.m. The index fell more than 3 percent in the previous session on a sharp decline in chipmakers, such as S
By The Korea Herald
Read full article →(LEAD) Seoul stocks open sharply lower on tech selloff
SEOUL, Aug. 25 (Yonhap) -- Seoul shares opened sharply lower Tuesday, following ...
By Choi Kyong-ae
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