Losses follow Wall Street tech declines amid reports of Iran-Oman agreement on Hormuz shipping route
Seoul Stocks Open Sharply Lower on Tech Losses, SK hynix Drops 5.22%
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Summary
However, top carmaker Hyundai Motor rose 0.49 percent and leading shipbuilder HD Hyundai Heavy Industries gained 1.38 percent. Internet giants Naver and Kakao declined 1.31 percent and 1.05 percent, respectively. Market bellwether Samsung Electronics fell 1.52 percent and its chipmaking rival SK hynix slumped 5.22 percent.
Furthermore, An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Thursday. (Yonhap) South Korean stocks opened sharply lower Thursday, driven by losses in some big technology companies on Wall Street amid signs of progress on the Strait of Hormuz. News outlets reported that Iran and Oman have agreed on a route for ships transiting the Strait of Hormuz, with Tehran exercising control of the crucial waterway.
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Factual coreconfirmed by several independent voices
However, top carmaker Hyundai Motor rose 0.49 percent and leading shipbuilder HD Hyundai Heavy Industries gained 1.38 percent.
reliability low1/2 sourcesInternet giants Naver and Kakao declined 1.31 percent and 1.05 percent, respectively.
reliability low1/2 sourcesMarket bellwether Samsung Electronics fell 1.52 percent and its chipmaking rival SK hynix slumped 5.22 percent.
reliability low1/2 sourcesAn electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Thursday. (Yonhap) South Korean stocks opened sharply lower Thursday, driven by losses in some big technology companies on Wall Street amid signs of progress on the Strait of Hormuz.
reliability low1/2 sourcesNews outlets reported that Iran and Oman have agreed on a route for ships transiting the Strait of Hormuz, with Tehran exercising control of the crucial waterway.
reliability low1/2 sources
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