The South Korean stock market opened sharply lower on Tuesday due to an overnight decline in US technology stocks. Investors remain cautious until key events such as Nvidia and other US chip giants are about to release financial reports. The decline in the Korea Composite Stock Price Index widened further after opening 2.4% lower. As of press time, the index is down more than 4%. On the last trading day, due to concerns about the profitability of AI-related investments once again heated up, the stock prices of chip companies such as Samsung Electronics plummeted, and the general market fell by more than 3%. On the one hand, investors are weighing the escalating geopolitical tension in the Middle East, and on the other hand, they are waiting for US economic data and corporate earnings to be released this week. Technology stocks led the market decline. Samsung Electronics fell 4.28%, while its rival in the chip industry, SK Hynix, plummeted 6.46%. Hyundai declined 1.57%, and Hanwha Aerospace fell 0.72%.

The South Korean stock market opened sharply lower on Tuesday due to an overnight decline in US technology stocks. Investors remain cautious until key events such as Nvidia and other US chip giants are about to release financial reports. The decline in the Korea Composite Stock Price Index widened further after opening 2.4% lower. As of press time, the index is down more than 4%. On the last trading day, due to concerns about the profitability of AI-related investments once again heated up, the stock prices of chip companies such as Samsung Electronics plummeted, and the general market fell by more than 3%. On the one hand, investors are weighing the escalating geopolitical tension in the Middle East, and on the other hand, they are waiting for US economic data and corporate earnings to be released this week. Technology stocks led the market decline. Samsung Electronics fell 4.28%, while its rival in the chip industry, SK Hynix, plummeted 6.46%. Hyundai declined 1.57%, and Hanwha Aerospace fell 0.72%.