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| ▲ This photo taken July 22, 2025, shows the dealing room of Hana Bank in central Seoul. (Yonhap) |
stocks-morning
Seoul shares turn lower late Tues. morning amid tariff concerns
SEOUL, July 22 (Yonhap) -- Seoul shares turned lower late Tuesday morning as investors remain cautious over U.S. tariff policies and await major corporate earnings results this week.
The benchmark Korea Composite Stock Price Index (KOSPI) had fallen 14.73 points, or 0.46 percent, to 3,196.08 as of 11:20 a.m.
The main index reversed earlier gains after opening higher, following an overnight mixed close on Wall Street. The Dow Jones Industrial Average fell 0.04 percent, while the tech-heavy Nasdaq composite rose 0.38 percent.
Institutions and foreigners sold 229 billion won (US$165 million) and 179 billion won worth of stocks, respectively, while retail investors bought a net 382 billion won.
Investors are keeping a close watch on potential changes to U.S. tariff policies as Trump may announce more unilateral tariffs before Aug. 1, analysts said.
They are also awaiting second-quarter corporate earnings, due this week, for clues about the market's direction.
In Seoul, large-cap stocks were mixed.
Market behemoth Samsung Electronics fell 0.88 percent, and its chipmaking rival SK hynix declined 1.47 percent.
Top carmaker Hyundai Motor dropped 0.72 percent, and plant builder Doosan Enerbility plunged 4.97 percent.
Among gainers, LG Chem rose 2.53 percent, leading battery maker LG Energy Solution climbed 2.27 percent, and state-run utility Korea Electric Power Corp. gained 2.42 percent.
The local currency was trading at 1,384.65 won against the U.S. dollar at 11:20 a.m., up 3.55 won from the previous session.
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