KOSPI

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Illustration of Seoul's KOSPI stock index falling at market open due to US tech losses.
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Seoul shares open lower on US tech losses

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The KOSPI fell 1.31 percent at the open on Friday, June 26, following tech losses on Wall Street and profit-taking after the previous session's sharp rise.

South Korea’s benchmark stock index plunged nearly 10 percent on June 23, dragging Bitcoin below $63,000 and triggering more than $700 million in crypto liquidations. The selloff followed an admission by regulators that they had rushed approval of leveraged exchange-traded funds tied to major chipmakers.

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Seoul stocks opened slightly lower on Tuesday, tracking overnight losses in US tech shares. The KOSPI fell 0.34 percent to 9,083.54 at the opening bell.

South Korean stocks opened lower Tuesday amid growing concerns over inflation and an overnight slump in U.S. tech shares.

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South Korean stocks opened lower on Monday amid worries over inflation and declines on Wall Street. The KOSPI shed 0.67 percent to 7,443.29 at the opening bell.

Seoul stocks opened lower on Wednesday as a report on OpenAI's underperformance reignited artificial intelligence sector concerns alongside rising oil prices. The benchmark KOSPI fell 0.09 percent to 6,635.09 in the first 15 minutes of trading. Major Wall Street indexes also declined overnight.

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Seoul stocks opened sharply higher on Monday, with the KOSPI index rising more than 1% and hitting a fresh intraday record, despite fading hopes for a US-Iran peace breakthrough over the weekend. US President Donald Trump canceled a planned trip by US negotiators to Pakistan, while Iran's Foreign Minister Abbas Araghchi headed to Russia.

 

 

 

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