Seoul shares open lower on U.S. tech losses, profit taking

Go to Contents Go to Navigation Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. OK SEOUL, June 26 (Yonhap) -- South Korean stocks started a tad lower Friday following tech losses on Wall Street and a sharp rise the previous session as investors are worried about valuation of artificial intelligence (AI)-related shares and a possible rate hike by the Federal Reserve. The benchmark Korea Composite Stock Price Index (KOSPI) lost 117.

12 points, or 1.31 percent, to 8,813.18 at the opening bell.

Overnight, U.S. stocks closed mixed as investors remained doubtful of large-scale AI investments and their profits, while data showed that U.

S. consumer prices rose 4.1 percent in May, raising possibilities that the Federal Reserve would increase key rates.

The S&P 500 lost 0.01 percent and the Nasdaq composite fell 0.46 percent, while the Dow Jones Industrial Average rose 0.

14 percent. Officials work at a dealing room of Hana Bank in central Seoul on June 25, 2026. (Yonhap) brk@yna.

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Thanks for your feedback! CLOSE SEOUL, June 26 (Yonhap) -- South Korean stocks started a tad lower Friday following tech losses on Wall Street and a sharp rise the previous session as investors are worried about valuation of artificial intelligence (AI)-related shares and a possible rate hike by the Federal Reserve. The benchmark Korea Composite Stock Price Index (KOSPI) lost 117.

12 points, or 1.31 percent, to 8,813.18 at the opening bell.

Overnight, U.S. stocks closed mixed as investors remained doubtful of large-scale AI investments and their profits, while data showed that U.

S. consumer prices rose 4.1 percent in May, raising possibilities that the Federal Reserve would increase key rates.

The S&P 500 lost 0.01 percent and the Nasdaq composite fell 0.46 percent, while the Dow Jones Industrial Average rose 0.

14 percent. Officials work at a dealing room of Hana Bank in central Seoul on June 25, 2026. (Yonhap) brk@yna.

co.kr(END) Keywords #stocks #KOSPI Articles with issue keywords Most Liked BTS' RM named global ambassador of Nat'l Museum of Korea Former Enhypen member Heeseung re-debuts as Evan At Jeju Forum, U.N.

chief candidates vow to reclaim relevance Kim Mu-yeol, Jung Ryeo-won cast in Netflix medical drama series 'First Doctor' Security must extend beyond defense in fragmented world: ex-U.S. ambassador Most Saved BTS' RM named global ambassador of Nat'l Museum of Korea Former Enhypen member Heeseung re-debuts as Evan At Jeju Forum, U.

N. chief candidates vow to reclaim relevance New 3,600-ton frigate delivered to Navy after sea trials (LEAD) 1 N. Korean soldier in custody after crossing border into S.

Korea on Tues.: JCS Most Viewed All Categories (World Cup) S. Korea lose to South Africa to finish 3rd in group; knockout status in limbo (World Cup) Son Heung-min benched at start of key match vs.

South Africa (World Cu