Breaking
USNvidia launches investigation into CEO's alleged relationship with Chinese spyCNSouth Africa announces local election results, more than half of towns now have hung parliamentsUSBuccaneers vs. Bears odds, Sunday Night Football predictions: Use Kalshi promo code CBSSPORTS55 for $55 bonusUSJon Rahm beats Rory McIlroy to win Abu Dhabi Championship in first start since LIV Golf exitKRFire in a commercial building in Shaanxi Province, China... 5 dead, 33 injuredESFirst major campaign debate: Albiol asks to "group the vote" so that Feijรณo governs alone with a "sufficient majority" and the PSOE stirs up fear against VoxKRSamsung Management lists U.S. short-term government bonds and Nasdaq 100 50:50 investment ETF on the 10thFRLens-Marseille: Genesio is right, Thauvin is afloat while Lens is still drowningโ€ฆ The tops and the flopsDEChurch leader traveling: Pope Leo calls for more consideration for the weak in ArgentinaKRSeoul stocks buck gains on Wall Street to open lowerUSNvidia launches investigation into CEO's alleged relationship with Chinese spyCNSouth Africa announces local election results, more than half of towns now have hung parliamentsUSBuccaneers vs. Bears odds, Sunday Night Football predictions: Use Kalshi promo code CBSSPORTS55 for $55 bonusUSJon Rahm beats Rory McIlroy to win Abu Dhabi Championship in first start since LIV Golf exitKRFire in a commercial building in Shaanxi Province, China... 5 dead, 33 injuredESFirst major campaign debate: Albiol asks to "group the vote" so that Feijรณo governs alone with a "sufficient majority" and the PSOE stirs up fear against VoxKRSamsung Management lists U.S. short-term government bonds and Nasdaq 100 50:50 investment ETF on the 10thFRLens-Marseille: Genesio is right, Thauvin is afloat while Lens is still drowningโ€ฆ The tops and the flopsDEChurch leader traveling: Pope Leo calls for more consideration for the weak in ArgentinaKRSeoul stocks buck gains on Wall Street to open lower
Newsgather
All StoriesWorldSportsFinanceTechScienceHealthCultureClimatePoliticsSpace
BackSeoul stocks buck gains on Wall Street to open lower
Seoul stocks buck gains on Wall Street to open lower
BREAKING
Yonhap News14 minutes agoBusiness1 min readSouth Korea

Seoul stocks buck gains on Wall Street to open lower

seoul stockskospiwall street

Quick Look

  • Seoul stocks opened lower Monday as investors dumped tech heavyweights, bucking Wall Street gains.
  • The KOSPI fell 0.5 percent to 5,034.2 at the open.
  • U.S. indexes closed higher Friday led by chipmakers despite AI regulation fears after the Democrats' midterm sweep.

AI-generated summary

Why It Matters

The KOSPI opened lower Monday as investors dumped tech heavyweights, bucking gains on Wall Street where major indexes closed higher Friday led by chipmakers despite fears of tighter AI regulations after the Democrats' midterm sweep.

Font size

SEOUL, Nov. 9 (Yonhap) -- Seoul stocks bucked gains on Wall Street to open lower Monday as investors dumped tech heavyweights.

The benchmark Korea Composite Stock Price Index (KOSPI) kicked off trading down 25.49 points, or 0.5 percent, to 5,034.2.

Major stock indexes in the U.S. closed higher Friday (local time), led by a rebound in chipmakers despite fears of tighter artificial intelligence (AI) regulations after the Democrats' midterm sweep linger.

The S&P 500 added 0.31 percent, while the tech-heavy Nasdaq rose 1.09 percent.

Investors are now turning their attention to the Federal Reserve for cues on the next U.S. policy directions.

"The local market is expected to rebound sharply should AI demand and the profit outlook for semiconductors be sustained as it is severely undervalued relative to its earnings," said Seo Sang-yong, an analyst at Mirae Asset Securities.

Open Questions

  • What specific AI regulations are feared?
  • How will the Federal Reserve's next policy direction affect Seoul stocks?

Related Topics

seoul stocks
PeopleSeo Sang-yong
OrganizationsMirae Asset Securities
PlacesSeoul
Topicskospiwall streettech stockssemiconductorsai regulationsfederal reserve
This article was originally published by Yonhap News.

Related Stories

Samsung Management lists U.S. short-term government bonds and Nasdaq 100 50:50 investment ETF on the 10th
BREAKINGยท

Samsung Management lists U.S. short-term government bonds and Nasdaq 100 50:50 investment ETF on the 10th

Samsung Asset Management will list the monthly dividend ETF 'KODEX U.S. Nasdaq 100 U.S. Bond Mix 50' on the 10th, investing 50% each in U.S. short-term government bonds and the Nasdaq 100 index. A 50:50 ratio is maintained through daily rebalancing, and distributions are paid on the 15th of each month. Retirement pension accounts are not subject to risky asset limits, so 100% investment is possible.

์—ฐํ•ฉ๋‰ด์Šค
2 min read
Social Value Research Institute participates in Beijing Forum... โ€œExpanding research and cooperation between Korea and Chinaโ€
Businessยท

Social Value Research Institute participates in Beijing Forum... โ€œExpanding research and cooperation between Korea and Chinaโ€

The Social Value Research Institute, established by SK, discussed the direction of creating and measuring social value using AI and digital technology at the 2026 Beijing Forum. Korean and Chinese companies such as Tencent and SK Hynix, as well as Peking University, participated and announced that 95 lives were saved through the first aid project for cardiac arrest patients.

์—ฐํ•ฉ๋‰ด์Šค
2 min read
Hyundai Motor Company and Kia Help Partner Companies Prepare Response Measures to Greenhouse Gas Technology Regulations
Businessยท

Hyundai Motor Company and Kia Help Partner Companies Prepare Response Measures to Greenhouse Gas Technology Regulations

Hyundai Motor Company and Kia signed a business agreement with the National Agency for Technology and Standards, the Hyundai Motor Company and Kia Cooperation Association, and the K-Mobility Bridge Foundation to support response to technical regulations for the transition to future vehicles in 2026. This is to support partnersโ€™ response to global greenhouse gas technology regulations and support export competitiveness.

์—ฐํ•ฉ๋‰ด์Šค
2 min read
NH Securities "It is premature to expect a pivot from the Bank of Korea despite the sharp decline in the stock market... hike this month"
Businessยท

NH Securities "It is premature to expect a pivot from the Bank of Korea despite the sharp decline in the stock market... hike this month"

NH Investment & Securities maintained its forecast for a 25bp increase in the Bank of Korea's benchmark interest rate in November, saying that it is premature to expect a pivot in monetary policy from the Federal Reserve despite the sharp decline in the U.S. stock market. It is judged that the financial environment, including the financial instability index and corporate bond spreads, is still easing.

์—ฐํ•ฉ๋‰ด์Šค
3 min read
JTBC announces sale todayโ€ฆ Selection of preferred bidder in January next year
BREAKINGยท

JTBC announces sale todayโ€ฆ Selection of preferred bidder in January next year

JTBC issued a sale notice on the 9th and began looking for a new owner. EY Hanyoung, the sales manager, will conduct the sale through open competitive bidding by attracting external capital, such as a paid-in capital increase through third-party allocation and issuance of corporate bonds. The acquisition letter of intent will be accepted for four weeks from the date of announcement, and the preferred bidder is scheduled to be selected in January next year.

์—ฐํ•ฉ๋‰ด์Šค
1 min read
More on this topicseoul stocks