Kospi dips 0.3% after U.S. Fed suggests delays to rate cuts

Screens in Hana Bank's trading room in central Seoul show stock markets open on Tuesday. [YONHAP]

Shares opened lower Tuesday tracking overnight losses on Wall Street.

The benchmark Kospi lost 7.74 points, or 0.30 percent, to 2,583.57 in the first 15 minutes of trading.

Overnight, the Dow Jones Industrial Average closed 0.71 percent lower after U.S. Federal Reserve Chair Jerome Powell made remarks that suggested rate cuts may come later than anticipated.

In Seoul, large caps traded mixed.

Samsung Electronics advanced 0.13 percent, while SK hynix soared 1.21 percent.

Samsung SDI lost 2.20 percent with LG Energy Solution plunging 2.31 percent.

Hyundai Motor slipped 0.84 percent while Kia Motors dipped 1.44 percent.

The local currency was trading at 1,332.40 won against the dollar, up 1.60 won from the previous session's close.

BY LEE SOO-JUNG, YONHAP [lee.soojung1@joongang.co.kr]