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| ▲ A dealing room at Hana Bank in Seoul on Feb. 5, 2026 (Yonhap) |
stocks-morning
Seoul stocks extend losses late Thurs. morning on tech slide
SEOUL, Feb. 5 (Yonhap) -- South Korean stocks extended losses late Thursday morning, as big-cap shares sharply lost ground tracking tech giants' tumble on Wall Street caused by continued woes over their high valuation.
The benchmark Korea Composite Stock Price Index (KOSPI) shed 174.53 points, or 3.25 percent, to 5,196.57 as of 11:20 a.m.
Overnight, the tech-heavy Nasdaq composite dipped 1.51 percent and the S&P 500 lost 0.51 percent as U.S. investors paced up their selling of blue-chip tech shares, such of the Magnificent Seven companies, amid valuation woes.
In Seoul, blue-chip tech shares were sliding.
Semiconductor heavyweights Samsung Electronics and SK hynix shot down 4.85 percent and 4.89 percent, respectively.
Defense giant Hanwha Aerospace tumbled 5.89 percent and artificial intelligence (AI) investment firm SK Square dipped 5.1 percent.
Power plant manufacturer Doosan Enerbility retreated 5.18 percent and major shipbuilder HD Hyundai Heavy went down 4.27 percent. Hanwha Ocean also contracted 4.31 percent.
Hyundai Motor lost 2.68 percent and internet portal operator Naver went down 2.46 percent.
The Korean won was trading at 1,463.0 won against the U.S. dollar at 11:20 a.m., sharply down 12.8 won from the previous session's close.
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