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BackSeoul shares open lower on inflation, Mideast woes
Seoul shares open lower on inflation, Mideast woes
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Yonhap News1 hour agoBusiness1 min readSouth Korea

Seoul shares open lower on inflation, Mideast woes

seoulkospitechnology stocks

Quick Look

Seoul shares opened lower on Monday as technology stocks declined amid inflation concerns driven by elevated oil prices and the escalating Middle East crisis, despite overnight gains on Wall Street.

AI-generated summary

Why It Matters

Seoul shares opened lower as technology stocks declined amid inflation concerns driven by elevated oil prices and the escalating Middle East crisis.

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SEOUL, Oct. 12 (Yonhap) -- Seoul shares opened lower Monday, as losses in technology stocks weighed on the market amid inflation concerns stoked by elevated oil prices and the escalating Middle East crisis.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 47.76 points, or 0.72 percent, to 6,578.17 at the opening bell.

The decline came despite overnight gains on Wall Street.

The Dow Jones Industrial Average rose 0.83 percent on Friday (local time), while the tech-heavy Nasdaq Composite climbed 0.64 percent.

What to Watch

AI outlook — possibilities, not facts

  • Seoul shares may continue to face pressure if Middle East tensions persist and oil prices remain elevated

    Possible · Within days

Open Questions

  • How long will the Middle East crisis continue to affect oil prices?
  • Will technology stocks continue to decline in the coming days?
  • Can Wall Street gains offset regional market pressures?

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Topicskospitechnology stocksinflationoil pricesmiddle east crisiswall street
This article was originally published by Yonhap News.

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