{"slug": "seoul-stocks-open-sharply-lower-on-tech-selloff", "title": "Seoul stocks open sharply lower on tech selloff", "summary": "Seoul shares opened sharply lower Tuesday, with the benchmark Kospi trading 244.84 points, or 3.66 percent, lower at 6,452.12 as of 9:15 a.m., following overnight losses in US technology shares and renewed concerns over AI investment profitability. Samsung Electronics fell 4.28 percent and SK hynix declined 6.46 percent, while investors awaited Nvidia's earnings and Federal Reserve Gov. Kevin Warsh's speech at Jackson Hole.", "body_md": "Seoul shares opened sharply lower Tuesday, following overnight losses in US technology shares, as investors remained cautious ahead of key events, including the upcoming earnings release from US chip giant Nvidia.\n\nAfter opening 2.4 percent lower, the benchmark Korea Composite Stock Price Index (Kospi) extended its losses, trading 244.84 points, or 3.66 percent, lower at 6,452.12 as of 9:15 a.m.\n\nThe index fell more than 3 percent in the previous session on a sharp decline in chipmakers, such as Samsung Electronics, amid renewed concerns over the profitability of artificial intelligence (AI)-related investments.\n\nOvernight, US stocks closed mixed, with the Dow Jones Industrial Average rising 0.26 percent, while the tech-heavy Nasdaq Composite fell 0.76 percent.\n\nInvestors are also weighing escalating geopolitical tensions in the Middle East while awaiting US economic data and corporate earnings due this week.\n\nFederal Reserve Gov. Kevin Warsh is expected to speak at the annual Jackson Hole gathering in Wyoming on Friday, which will provide clues to the Fed's monetary policy outlook amid persistent inflation.\n\nTechnology stocks led the decline.\n\nSamsung Electronics fell 4.28 percent, while its chipmaking rival SK hynix declined 6.46 percent.\n\nTop automaker Hyundai Motor dropped 1.57 percent, and defense giant Hanwha Aerospace shed 0.72 percent.\n\nAmong the gainers, Samyang Foods rose 0.2 percent and Korea Zinc climbed 2.31 percent.\n\nThe Korean won was quoted at 1,380.00 won against the US dollar, up 3.2 won from the close of the previous stock trading session. (Yonhap)", "url": "https://wpnews.pro/news/seoul-stocks-open-sharply-lower-on-tech-selloff", "canonical_source": "https://www.koreaherald.com/article/10850925", "published_at": "2026-08-25 00:39:17+00:00", "updated_at": "2026-08-25 00:44:30.607760+00:00", "lang": "en", "topics": ["artificial-intelligence"], "entities": ["Samsung Electronics", "SK hynix", "Nvidia", "Federal Reserve", "Kevin Warsh", "Hyundai Motor", "Hanwha Aerospace", "Kospi"], "alternates": {"html": "https://wpnews.pro/news/seoul-stocks-open-sharply-lower-on-tech-selloff", "markdown": "https://wpnews.pro/news/seoul-stocks-open-sharply-lower-on-tech-selloff.md", "text": "https://wpnews.pro/news/seoul-stocks-open-sharply-lower-on-tech-selloff.txt", "jsonld": "https://wpnews.pro/news/seoul-stocks-open-sharply-lower-on-tech-selloff.jsonld"}}