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The Korea Herald
The Korea Herald
AsiaPac · 3 hrs ago
Seoul shares open lower on tech losses
Seoul shares opened lower Tuesday, bucking overnight gains on Wall Street, on profit-taking after Samsung Electronics released its preliminary second-quarter earnings estimate. The benchmark Korea Composite Stock Price Index fell 294.53 points, or 3.7 percent, to 7,756.80 at the opening bell. Local technology stocks fell on profit-taking after Samsung Electronics estimated its April-June operating profit at 89.4 trillion won ($58.4 billion), beating market forecasts. The estimate reflects provis
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