Seoul shares down nearly 4 pct late Fri. morning as tech shares slide
Seoul shares experienced a significant decline of nearly 4 percent on Friday morning, primarily driven by a sell-off in technology stocks. The Korea Composite Stock Price Index (KOSPI) fell to 8,304.44 after opening lower and briefly recovering from deeper losses. This downturn occurred amidst ongoing uncertainties regarding U.S.-Iran peace negotiations and disappointing earnings from major tech companies.
- ▪The KOSPI lost 334.97 points, or 3.88 percent, as of 11:20 a.m.
- ▪Major tech stocks such as Samsung Electronics and SK hynix saw significant declines of 3.56 percent and 5.96 percent, respectively.
- ▪The Korea Exchange suspended program trading for the KOSPI after it dropped more than 5 percent.
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Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. OK Seoul shares down nearly 4 pct late Fri. morning as tech shares slide Kim Eun-jung All News 11:29 June 05, 2026 SHARE Facebook X Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. LIKE SAVE PRINT FONT SIZE ABCDEFG ABCDEFG ABCDEFG ABCDEFG ABCDEFG SEOUL, June 5 (Yonhap) -- Seoul shares traded nearly 4 percent lower as investors locked in profits from a recent tech-led rally while monitoring uncertainty over U.S.-Iran peace negotiations. After opening 3.44 percent lower, the Korea Composite Stock Price Index (KOSPI) lost 334.97 points, or 3.88 percent, to 8,304.44 as of 11:20 a.m., recovering some of its earlier losses after plunging as much as 6.88 percent.
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