Tech Stocks
Seoul shares open lower on US tech losses
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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.
Seoul stocks opened Thursday at a fresh high above 6,700, driven by solid chip demand expectations following strong first-quarter earnings from Samsung Electronics and U.S. big tech firms. The benchmark KOSPI rose as high as 6,739.39 at the opening bell before adding 19.51 points, or 0.29%, to 6,710.41 as of 9:15 a.m. The index had closed at a new peak of 6,690.90 the previous day, marking three straight days of gains.
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Seoul's benchmark Kospi index briefly topped 6,700 points on Tuesday, hitting a new intraday record driven by large-cap tech shares. The gain came ahead of first-quarter earnings from US big tech firms such as Alphabet and Meta. As of 9:15 a.m., the Kospi stood at 6,656.05, up 41.02 points or 0.62 percent.
South Korea's benchmark KOSPI index briefly surpassed the historic 4,700-point milestone on January 14, fueled by a tech rally, before edging lower. It reached an intraday high of 4,715.75 points early in the session but fell to 4,680.04 by late morning amid weakness in battery and defense shares. The index has risen over 11 percent since the start of the year, extending its record bull run.
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On December 30, 2025, Japan's Nikkei 225 index fell 0.4% to close at 50,339.48, weighed down by a retreat in technology stocks. The benchmark surged 26% for the year, marking its third straight annual gain. SoftBank Group's slump was a major drag on the index.