{"slug": "seoul-shares-down-nearly-4-late-friday-morning-as-tech-shares-slide", "title": "Seoul shares down nearly 4% late Friday morning as tech shares slide", "summary": "Seoul shares fell nearly 4% late Friday morning as investors locked in profits from a recent tech-led rally, with the Korea Composite Stock Price Index (KOSPI) losing 334.97 points, or 3.88%, to 8,304.44. The decline was driven by a slide in tech shares, following overnight losses on the Nasdaq as Broadcom tumbled more than 12% after its quarterly results and AI-related revenue outlook missed expectations. The Korea Exchange temporarily suspended program trading for the KOSPI after the KOSPI 200 Futures index dropped 5% or more for at least one minute.", "body_md": "Seoul shares traded nearly 4 percent lower as investors locked in profits from a recent tech-led rally while monitoring uncertainty over U.S.-Iran peace negotiations. After opening 3.44 percent lower, the Korea Composite Stock Price Index (KOSPI) lost 334.97 points, or 3.88 percent, to 8,304.44 as of 11:20 a.m., recovering some of its earlier losses after plunging as much as 6.88 percent. 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 one minute. Overnight, major U.S. stocks closed mixed. The Dow Jones Industrial Average rose 1.73 percent, and the S&P 500 added 0.41 percent to 7,584.31. The tech-heavy Nasdaq composite slipped 0.09 percent as declines in artificial intelligence (AI)-related stocks weighed on the index. Broadcom tumbled more than 12 percent after the U.S. chipmaker's quarterly results and outlook for AI-related revenue fell short of investors' elevated expectations. Oil prices retreated after three consecutive sessions of gains, as inve", "url": "https://wpnews.pro/news/seoul-shares-down-nearly-4-late-friday-morning-as-tech-shares-slide", "canonical_source": "https://www.koreatimes.co.kr/economy/20260605/seoul-shares-down-nearly-4-late-friday-morning-as-tech-shares-slide?utm_source=rss", "published_at": "2026-06-05 02:52:03+00:00", "updated_at": "2026-06-05 02:54:37.658871+00:00", "lang": "en", "topics": ["ai-chips", "artificial-intelligence"], "entities": ["Korea Composite Stock Price Index", "KOSPI", "Dow Jones Industrial Average", "S&P 500", "Nasdaq", "Broadcom"], "alternates": {"html": "https://wpnews.pro/news/seoul-shares-down-nearly-4-late-friday-morning-as-tech-shares-slide", "markdown": "https://wpnews.pro/news/seoul-shares-down-nearly-4-late-friday-morning-as-tech-shares-slide.md", "text": "https://wpnews.pro/news/seoul-shares-down-nearly-4-late-friday-morning-as-tech-shares-slide.txt", "jsonld": "https://wpnews.pro/news/seoul-shares-down-nearly-4-late-friday-morning-as-tech-shares-slide.jsonld"}}