Seoul shares open sharply lower on US losses
South Korean stocks opened over 1.4 percent lower Thursday in a broad sell-off on heightened concerns after Wall Street slumped overnight.
The benchmark Korea Composite Stock Price Index lost 33.92 points, or 1.44 percent, to 2,329.25 in the first 15 minutes of trading.
In the US, the S&P 500 tumbled 1.43 percent and the tech-heavy Nasdaq Composite shot down 2.43 percent, posting its largest drop this year, on Google's parent Alphabet's disappointing cloud figures and a rise in Treasury yields.
In Seoul, most big-cap shares, led by techs and battery stocks, went south.
Market bellwether Samsung Electronics lost 0.59 percent, and SK hynix, the country's No. 2 chipmaker, tumbled 2.67 percent.
Leading battery maker LG Energy Solution dropped 1.34 percent and its smaller rival Samsung SDI shot down more than 5 percent on a forecast that the global demand for battery and electric vehicles will slow down next year.
Posco shares were also sharply down, with steel giant Posco Holdings down 3.48 percent and its battery component-making affiliate Posco Future M down 3.65 percent.
Auto shares also lost ground, with Hyundai Motor down 1.81 percent and its smaller affiliate Kia down 1.59 percent.
IT stocks also slid.
Internet portal operator Naver declined 1.9 percent and Kakao, the operator of the country's top mobile messenger, retreated 2.44 percent.
Leading chemical producer LG Chem plunged 4.48 percent and major oil refinery SK Innovation slumped 3.68 percent.
The local currency was trading at 1,354.70 won against the US dollar at 9:15 a.m., down 5 won from the previous session's close. (Yonhap)
(责任编辑:여행)
- ·'2023 Box Gallery Exhibition' by Youth Impact shows art made of discarded paper
- ·Biden to visit Israel as war in Gaza sparks humanitarian crisis
- ·[Our Museums] Discover wisdom of hanok at Eunpyeong History Hanok Museum
- ·'Apgujeong Box Girl' sparks online debate
- ·“이게 KF
- ·Gimbap and hanja cramming: Life of Korean Studies students in Paris
- ·[Herald Interview] Chile, Korea need to boost global lithium value chain: minister
- ·GOT7’s Youngjae to release 1st solo LP “Do It” next month
- ·Seoul anticipates 3
- ·‘Gyeongseong Creature’ to lead year
- ·[From the Scene] 20
- ·‘험지 출마’ 압박받는 장제원, 4200명 운집 산악회로 세 과시
- ·정부, GP 복원 계획…김태효 "北 무장에 가만히 있으면 안된다"
- ·신당 추진 이준석 ‘천아용인’과 회동…김용태 “작전 이해 간다”
- ·Kakao CEO apologizes for SM stock manipulation allegations
- ·[Herald Review] 'Different, but in harmony'
- ·"조선의 샛별 여장군, 세계가 우러러 볼것"…北, 김주애도 우상화
- ·Han Kang wins prestigious French award for foreign literature
- ·Samsung Biologics sees highest
- ·신당 추진 이준석 ‘천아용인’과 회동…김용태 “작전 이해 간다”
- ·‘험지 출마’ 압박받는 장제원, 4200명 운집 산악회로 세 과시
- ·[Korea Beyond Korea] Buddhism scholar committed to expanding Korean studies at Yale
- ·Seoul reviews scenarios for restoring guard posts in DMZ
- ·이동관 탄핵땐 방통위 1명 남아, 방송 재승인·재허가 올스톱
- ·‘Gyeongseong Creature’ to lead year
- ·Berliner Philharmoniker visits Seoul for first time in 6 years, joined by Cho Seong
- ·HiteJinro soju seeks bigger footing in UK
- ·Han Kang wins Prix Medicis for 'I Do Not Bid Farewell'