Overview
- South Korea’s benchmark KOSPI closed down 0.61% at 3,929.51, recovering from an early drop of about 1.15% at the open.
- Large-cap tech shares led the decline, with Samsung Electronics and SK hynix lower as enthusiasm for AI-related plays cooled.
- Foreign investors sold a net 1.05 trillion won in equities, while retail and institutional investors were net buyers.
- Shipbuilders slumped, including HD Hyundai Heavy and Hanwha Ocean, while autos were little changed as Hyundai Motor dipped and Kia was flat.
- The won finished at 1,465.6 per U.S. dollar, slightly weaker on the day, as investors looked to Nvidia’s earnings and forthcoming U.S. policy cues.