Financial markets
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KOSPI opens lower amid inflation woes and US tech slump
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South Korean stocks opened lower Tuesday amid growing concerns over inflation and an overnight slump in U.S. tech shares.
Global financial markets reacted on Monday to renewed surges in oil prices and geopolitical tensions in the Middle East, continuing the economic ripple effects first seen after the Iran conflict and Hormuz blockade earlier this year.
Reported by AI
South Korean stocks extended gains for a fourth session on May 8, closing at a fresh record high of 7,498 despite renewed tensions in the Middle East. President Donald Trump said the ceasefire remained in effect after U.S. and Iranian forces exchanged fire overnight.
May 07, 2026 17:20