The Kospi shed 17.96 points, or 0.65 percent, to close at 2,724.18 as investors wait for the minutes of the U.S. Federal Reserve's rate-setting meeting and Nvidia's earnings report.
Shares started lower Tuesday as big-cap tech shares fell across the board. The Kospi shed 10.94 points, or 0.4 percent, to 2,731.20 in the first 15 minutes of trading.
Shares started higher Monday on continued hopes for a possible U.S. rate cut.
The Kospi slumped 1 percent following a rally driven by hopes for rate cuts from the Fed. Wall Street stocks declined and foreign investors offloaded Korean shares.
Shares started a tad lower Friday following the previous day's rally amid hopes for a U.S. rate cut.
Stocks finished nearly 1 percent up Thursday as hopes for a possible U.S. rate cut boosted investor sentiment here. The local currency sharply rose to an almost two-month high against the dollar.
Shares got off to a strong start Thursday on hopes for the U.S. Federal Reserve's possible rate cut after slower-than-expected inflation in the world's largest economy.
Shares ended slightly higher Tuesday as investors took a wait-and-see stance with U.S. inflation data expected to affect the U.S. Federal Reserve's rate-setting decision. The won dropped in value against the dollar.
Shares opened almost flat Tuesday as investors awaited a key U.S. inflation report set to be released later this week.
Stocks opened higher Monday while investors remained watchful over mixed signals for the U.S. Federal Reserve's future monetary policy.
Korea JoongAng Daily Sitemap