Kospi opens lower as U.S. techs tumble

Home > Business > Finance

Kospi opens lower as U.S. techs tumble

Published: 31 Oct. 2025, 10:14

A screen in Hana Bank's trading room in central Seoul shows the Kospi on Oct. 31. [YONHAP]

Shares opened lower Friday, tracking a slump in major U.S. techs overnight.

The benchmark Kospi fell 8.65 points, or 0.21 percent, to 4,078.24 in the first 15 minutes of trading.

Overnight, the tech-heavy Nasdaq composite fell 1.57 percent and the S&P 500 shed 0.99 percent. The Dow Jones Industrial Average lost 0.23 percent.

Major U.S. tech firms, including Microsoft and Meta, fell amid woes over their financial burden on artificial intelligence investment. Nvidia also moved down 2 percent.

In Seoul, top tech giant Samsung Electronics fell 0.19 percent, and SK hynix shed 1.94 percent.

Battery makers lost ground as well, with LG Energy Solution falling 0.72 percent and Samsung SDI decreasing 0.46 percent.

The local currency was quoted at 1,427.9 won against the greenback as of 9:15 a.m., up 0.1 percent from the previous session's 3:30 p.m. quote of 1,426.5 won.

Yonhap