Seoul shares open sharply lower on tech slump amid Middle East uncertainty
South Korean stocks opened sharply lower Friday as investors took a breather following a recent rally in tech shares amid uncertainty over the U.S.-Iran peace deal.
After opening 3.66 percent lower, the benchmark Korea Composite Stock Price Index fell 449.16 points, or 5.2 percent, to 8,190.25 as of 9:15 a.m. The Korea Exchange suspended program trading for the KOSPI for five minutes at around 9:08 a.m., a measure issued when the KOSPI 200 Futures index decreases 5 percent or more for at least o
- KRX issues sell-side sidecar for KOSPI on sharp fall Korea Times —
- Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower CNBC —
- Kospi plunges 5% on US chip stock rout The Korea Herald —
- KRX issues sell-side sidecar for KOSPI on sharp fall The Korea Herald —
- Foreign selling drags Kospi down 5%, sends won to 17-year low The Korea Herald —