Defense and auto stocks plunge, while Samsung and HMM gain amid mixed large-cap trading
Seoul shares open lower on Middle East tensions, Wall Street losses
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Summary
Chip giant SK hynix fell 0.27 percent, defense firm Hanwha Aerospace plunged 6.7 percent, and top carmaker Hyundai Motor shed 3.9 percent. SEOUL, July 14 (Yonhap) -- Seoul shares opened lower Tuesday, tracking overnight losses on Wall Street, as investors remained concerned about heightened uncertainty in the Middle East. Among gainers, market bellwether Samsung Electronics rose 0.2 percent, and shipping firm HMM climbed 3.07 percent.
Furthermore, LIG Defense and Aerospace declined 8.4 percent, and leading battery maker LG Energy Solution dropped 2.1 percent. The weakness extended to US trading, with SK hynix's American depositary shares falling 9.3 percent overnight. A standoff between the United States and Iran over the Strait of Hormuz, along with a slump in SK hynix's US-listed shares overnight, sapped investor sentiment.
In addition, In Seoul, large-cap stocks were mixed. The index nose-dived 9 percent the previous session amid renewed woes over the U.S-Iran standoff.
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Chip giant SK hynix fell 0.27 percent, defense firm Hanwha Aerospace plunged 6.7 percent, and top carmaker Hyundai Motor shed 3.9 percent.
reliability moderate2/2 sourcesSEOUL, July 14 (Yonhap) -- Seoul shares opened lower Tuesday, tracking overnight losses on Wall Street, as investors remained concerned about heightened uncertainty in the Middle East.
reliability moderate2/2 sourcesAmong gainers, market bellwether Samsung Electronics rose 0.2 percent, and shipping firm HMM climbed 3.07 percent.
reliability moderate2/2 sourcesLIG Defense and Aerospace declined 8.4 percent, and leading battery maker LG Energy Solution dropped 2.1 percent.
reliability moderate2/2 sourcesThe weakness extended to US trading, with SK hynix's American depositary shares falling 9.3 percent overnight.
reliability moderate2/2 sourcesA standoff between the United States and Iran over the Strait of Hormuz, along with a slump in SK hynix's US-listed shares overnight, sapped investor sentiment.
reliability moderate2/2 sourcesIn Seoul, large-cap stocks were mixed.
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
The index nose-dived 9 percent the previous session amid renewed woes over the U.S-Iran standoff.
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