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. The index spiked 6.24 percent Wednesday as softer-than-expected U.S. inflation data eased concerns over near-term Federal Reserve rate hikes.
Furthermore, Among gainers, shipbuilder Hanwha Ocean rose 2.2 percent, and shipping firm HMM climbed 1 percent. The escalating conflict in the Middle East has revived concerns over energy supplies from the region. 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.
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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 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 sourcesAmong gainers, shipbuilder Hanwha Ocean rose 2.2 percent, and shipping firm HMM climbed 1 percent.
reliability low1/2 sourcesThe escalating conflict in the Middle East has revived concerns over energy supplies from the region.
reliability low1/2 sources
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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 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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