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| ▲ This photo taken on Sept. 8, 2025, shows the dealing room of Hana Bank in central Seoul right after the opening of the stock market. (Yonhap) |
stocks-morning
Seoul stocks trim earlier gains late Mon. morning on retail selling
SEOUL, Sept. 8 (Yonhap) -- Seoul shares pared earlier gains late Monday morning as retail investors sold stocks following weaker-than-expected U.S. jobs data for August.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 4.69 points, or 0.15 percent, to 3,209.81 as of 11:20 a.m.
The index opened higher, bucking U.S. losses, before erasing some of the gains.
On Friday (U.S. time), the Dow Jones Industrial Average fell 0.48 percent to 45,400.86, while the tech-heavy Nasdaq composite edged down 0.03 percent to 21,700.39.
In Seoul, retail investors sold a net 194.09 billion won (US$139 million) worth of stocks, offsetting purchases worth 51.32 billion won by institutions and 118.86 billion won by foreigners.
Technology gains supported the index.
Market bellwether Samsung Electronics rose 0.43 percent, and No. 2 chipmaker SK hynix climbed 1.83 percent.
Samsung SDS, the IT services unit of Samsung Group, jumped 1.85 percent, and leading steelmaker POSCO Holdings gained 1.08 percent.
Among decliners, top carmaker Hyundai Motor lost 1.14 percent, while its smaller affiliate Kia Corp. slipped 1.41 percent.
The two automakers extended their losses after a raid last week at a Hyundai Motor plant in the U.S. state of Georgia. About 475 workers, including 300 South Koreans, were arrested over alleged unlawful employment practices.
Leading shipbuilder HD Hyundai shed 1.59 percent, and shipping giant HMM fell 0.22 percent.
The local currency was trading at 1,388.75 won against the greenback as of 11:20 a.m., up 2.25 won from the previous session's close.
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