Officials work at a dealing room in Hana Bank in Seoul, Tuesday. Yonhap
Korean stocks extended losses late Tuesday morning as big chip shares sharply lost ground, tracking an overnight slump in U.S. techs.
After opening 0.34 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) shed 389.16 points, or 4.27 percent, to 8,725.39 as of 11:20 a.m.
Overnight, U.S. Vice President JD Vance said a "very good foundation" had been established for negotiations toward a final agreement with Iran, while mediators also reported progress in the talks.
However, U.S. stocks closed mixed, with the tech-heavy Nasdaq declining 1.3 percent amid concerns about major technology companies.
