Seoul stocks turn lower after opening higher on profit-taking
4 Articles
4 Articles
Seoul stocks turn lower after opening higher on profit-taking
Seoul shares turned lower on profit-taking after opening higher Tuesday, as concerns over rising bond yields at multidecade highs weighed on investor sentiment. After opening 0.58 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) fell 8.14 points, or 0.12 percent, to 6,995.60 as of 9:15 a.m. Investors are now turning their attention to upcoming corporate earnings, although higher interest rates, elevated energy costs and re…
Asian stocks are mostly up on Tuesday morning, but South Korea's technology-heavy Kospi index is down. Japanese automakers are leading the way, while South Korean memory chipmakers Samsung Electronics and SK Hynix are moving in the opposite direction.
Asian bourses are lifting on Tuesday morning, while the tech-heavy South Korean Kospi index is trading down. Several of the Japanese automakers are rising, while Korean memory giants Samsung and SK Hynix are trading in the opposite direction.
KOSPI Index Live: South Korean Shares Edge Lower on Profit-Taking as KOSPI Falls Toward 6,970; Check Why the Index Is Down Today, Latest KOSPI Price, Top Gainers, Losers & Market Trend
South Korean shares traded lower as investors booked profits following the KOSPI’s recent rally, while elevated US Treasury yields added pressure. The index remained near the 7,000 mark, with Samsung Electronics gaining slightly while SK Hynix and other major stocks declined.
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