empty
 
 

07.07.202601:46:50UTC+00South Korean Shares Slide on Tech Selloff

The benchmark KOSPI dropped nearly 4% to around 7,730 on Tuesday, extending the previous session’s losses as investors locked in profits from heavyweight technology names after a strong AI-fueled rally. Sentiment toward the AI trade weakened further, with tech shares under sustained pressure amid a global pullback in semiconductor stocks and mounting doubts over whether solid earnings can continue to support elevated valuations.

Samsung Electronics slid 6.8% despite unveiling record preliminary second-quarter earnings that exceeded market expectations, with many investors viewing the strong results as already priced in. SK Hynix fell 5.9% ahead of its planned US listing.

Battery-related stocks also retreated after LG Energy Solution sank 6.4% on quarterly operating profit that came in well below forecasts, deepening worries about sluggish global EV demand.

Other notable decliners included SK Square (-8.4%), Hyundai Motor (-5.3%), HD Hyundai Heavy Industries (-4.5%), Hanwha Aerospace (-3.9%), and Kia Corp (-4.6%).

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback