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Seoul Stocks Extend Losses as Tech Shares Slip on Tariff Fears

Foreign outflows following President Trump’s tariff hints pushed the KOSPI below 3,190

Officials work at a dealing room of Hana Bank in Seoul on Aug. 18, 2025. (Yonhap)
This photo, taken Aug. 14, 2025, shows a dealing room at Hana Bank in downtown Seoul. (Yonhap)
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Overview

  • The benchmark KOSPI fell 37.9 points, or 1.17 percent, to 3,187.76 by 11:20 a.m. local time
  • Samsung Electronics shares declined 1.68 percent and SK hynix dropped 2.89 percent amid semiconductor sector weakness
  • LG Energy Solution and Hanwha Aerospace slid 2.28 percent and 1.36 percent respectively as major tech‐linked firms weighed on the market
  • Heavy foreign selling was prompted by investor jitters over potential new U.S. tariffs on chip exports
  • The Korean won weakened by about 3.2 won to trade near 1,385 per dollar by midmorning