Seoul shares open sharply lower on tech losses amid Middle East tensions
Top carmaker Hyundai Motor fell 3.46 percent, and defense firm Hanwha Aerospace declined 0.32 percent
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Summary
Top carmaker Hyundai Motor fell 3.46 percent, and defense firm Hanwha Aerospace declined 0.32 percent. Market bellwether Samsung Electronics plunged 6.98 percent, and its chipmaking rival SK hynix plummeted 10.18 percent. By Kang Yoon-seung SEOUL, July 16 (Yonhap) -- South Korea will closely monitor sectors with sluggish employment, including manufacturing, amid growing concerns that renewed tensions in the Middle East could weigh on the job market, the finance ministry said Thursday.
Furthermore, Asia's fourth-largest economy shed 40,000 jobs in May, marking the first decline in 17 months. In June, manufacturing and construction shed 97,000 and 67,000 jobs, respectively, from a year earlier, marking the 24th and 26th consecutive months of job losses. The index spiked 6.24 percent Wednesday as softer-than-expected U.S. inflation data eased concerns over near-term Federal Reserve rate hikes.
In addition, The Ministry of Finance and Economy held a joint task force meeting on the job market with the labor ministry in Seoul after data from the previous day showed South Korea adding 63,000 jobs from a year earlier in June. Among gainers, shipbuilder Hanwha Ocean rose 2.2 percent, and shipping firm HMM climbed 1 percent. SEOUL, July 16 (Yonhap) -- Seoul shares opened sharply lower as investors took profits in technology stocks amid concerns over the ongoing conflict in the Middle East.
Moreover, A job seeker visits an employment center in Seoul on July 15, 2026. (Yonhap) colin@yna.co.kr (END).
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Top carmaker Hyundai Motor fell 3.46 percent, and defense firm Hanwha Aerospace declined 0.32 percent.
reliability low1/2 sourcesMarket bellwether Samsung Electronics plunged 6.98 percent, and its chipmaking rival SK hynix plummeted 10.18 percent.
reliability low1/2 sourcesBy Kang Yoon-seung SEOUL, July 16 (Yonhap) -- South Korea will closely monitor sectors with sluggish employment, including manufacturing, amid growing concerns that renewed tensions in the Middle East could weigh on the job market, the finance ministry said Thursday.
reliability low1/2 sourcesAsia's fourth-largest economy shed 40,000 jobs in May, marking the first decline in 17 months.
reliability low1/2 sourcesIn June, manufacturing and construction shed 97,000 and 67,000 jobs, respectively, from a year earlier, marking the 24th and 26th consecutive months of job losses.
reliability low1/2 sourcesThe index spiked 6.24 percent Wednesday as softer-than-expected U.S. inflation data eased concerns over near-term Federal Reserve rate hikes.
reliability low1/2 sourcesThe Ministry of Finance and Economy held a joint task force meeting on the job market with the labor ministry in Seoul after data from the previous day showed South Korea adding 63,000 jobs from a year earlier in June.
reliability low1/2 sourcesAmong gainers, shipbuilder Hanwha Ocean rose 2.2 percent, and shipping firm HMM climbed 1 percent.
reliability low1/2 sources
Reported detailssecondary facts, each attributed to its source
SEOUL, July 16 (Yonhap) -- Seoul shares opened sharply lower as investors took profits in technology stocks amid concerns over the ongoing conflict in the Middle East.
according to Yonhap NewsA job seeker visits an employment center in Seoul on July 15, 2026. (Yonhap) colin@yna.co.kr (END)
according to Yonhap NewsAn electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Thursday. (Yonhap) Seoul shares opened sharply lower as investors took profits in technology stocks amid concerns over the ongoing conflict in the Middle East.
according to The Korea Herald
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