Overview

• The benchmark closed down 0.19% at 3,424.60 after an early rise following Wall Street’s rebound in AI stocks.
• Institutional and retail investors were net sellers, while foreign investors bought a modest net 13.7 billion won.
• Chip and IT shares weighed on the index, with Samsung Electronics and SK hynix edging lower and Naver retreating after recent gains tied to its Dunamu acquisition.
• Defense and shipbuilding names outperformed, led by gains in Hanwha Aerospace and HD Hyundai Heavy Industries.
• The won softened to 1,402.9 per dollar and government bond yields ticked higher by up to 1.9 basis points.