Seoul shares open 2.7 pct lower on continued tech losses

Go to Contents Go to Navigation Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. OK SEOUL, July 8 (Yonhap) -- Seoul shares opened 2.7 percent lower Wednesday, tracking overnight losses on Wall Street as investors reassessed the next phase of artificial intelligence (AI) trade.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 203.83 points, or 2.7 percent, to 7,452.

48 at the opening bell. Overnight, the Dow Jones Industrial Average fell 0.25 percent, while the tech-heavy Nasdaq Composite declined 1.

16 percent. Local technology shares extended their losses, weighing on the benchmark index. Investors are now focusing on whether rising capital spending, intensifying competition and expanding production capacity will generate the earnings growth needed to justify elevated valuations of technology companies.

Market bellwether Samsung Electronics fell 1.69 percent, while chip giant SK hynix declined 1.54 percent.

This photo, taken July 7, 2026, shows the dealing room of Hana Bank in Seoul. (Yonhap) kyongae.choi@yna.

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Thanks for your feedback! CLOSE SEOUL, July 8 (Yonhap) -- Seoul shares opened 2.7 percent lower Wednesday, tracking overnight losses on Wall Street as investors reassessed the next phase of artificial intelligence (AI) trade.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 203.83 points, or 2.7 percent, to 7,452.

48 at the opening bell. Overnight, the Dow Jones Industrial Average fell 0.25 percent, while the tech-heavy Nasdaq Composite declined 1.

16 percent. Local technology shares extended their losses, weighing on the benchmark index. Investors are now focusing on whether rising capital spending, intensifying competition and expanding production capacity will generate the earnings growth needed to justify elevated valuations of technology companies.

Market bellwether Samsung Electronics fell 1.69 percent, while chip giant SK hynix declined 1.54 percent.

This photo, taken July 7, 2026, shows the dealing room of Hana Bank in Seoul. (Yonhap) kyongae.choi@yna.

co.kr(END) Keywords #stocks #KOSPI Articles with issue keywords Most Liked BTS extends Billboard chart run as Hybe artists make strong showing Awkward yet genuine late bloomers search for love in new season of 'Better Late Than Single' BTS named La Plata 'honored guest' ahead of Argentina concerts Kim Min-ha hopes 'Hana Korea' offers comfort not only to N. Korean defectors but everyone struggling BIFAN set to open for 11-day run with record 321 films Most Saved (LEAD) Military airport in Gwangju selected as site for semiconductor production cluster Awkward yet genuine late bloomers search for love in new season of 'Better Late Than Single' (2nd LD) Court ends rehabilitation process for troubled retailer Homeplus S.

Korea to la