Bargain hunting in Samsung and SK hynix faded amid Middle East escalation fears
Seoul stocks slip as Iran tensions offset tech gains
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Summary
The tech-heavy Nasdaq inched down 0.05 percent. Defense giant Hanwha Aerospace edged down 0.11 percent. Market top-cap Samsung Electronics gained 2.25 percent, while its rival SK hynix rose 0.28 percent.
Furthermore, Top carmaker Hyundai Motor declined 3.26 percent, and battery maker LG Energy Solution slid 0.31 percent. An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Tuesday. (Yonhap) Seoul stocks opened slightly higher Tuesday but quickly turned lower as bargain hunting in battered tech heavyweights faded amid lingering concerns over escalating tensions in the Middle East. US President Donald Trump vowed that Iran "will pay" for killing three American soldiers in recent days, even as mediators proposed a new truce.
In addition, Saudi Arabia said it would take all necessary measures to protect its ships following the threats by the Tehran-backed Houthi militants in Yemen.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
The tech-heavy Nasdaq inched down 0.05 percent.
reliability low1/2 sourcesDefense giant Hanwha Aerospace edged down 0.11 percent.
reliability low1/2 sourcesMarket top-cap Samsung Electronics gained 2.25 percent, while its rival SK hynix rose 0.28 percent.
reliability low1/2 sourcesTop carmaker Hyundai Motor declined 3.26 percent, and battery maker LG Energy Solution slid 0.31 percent.
reliability low1/2 sourcesAn electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Tuesday. (Yonhap) Seoul stocks opened slightly higher Tuesday but quickly turned lower as bargain hunting in battered tech heavyweights faded amid lingering concerns over escalating tensions in the Middle East.
reliability low1/2 sourcesUS President Donald Trump vowed that Iran "will pay" for killing three American soldiers in recent days, even as mediators proposed a new truce.
reliability low1/2 sourcesSaudi Arabia said it would take all necessary measures to protect its ships following the threats by the Tehran-backed Houthi militants in Yemen.
reliability low1/2 sources
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