Seoul shares open 2.7% lower on continued tech losses - The Korea Times

A sceen at the dealing room of Hana Bank's headquarters in Seoul shows the won-dollar excange rate and the KOSPI, Wednesday. Yonhap

Seoul shares opened 2.7 percent lower Wednesday, tracking overnight losses on Wall Street as investors reassessed the next phase of artificial intelligence (AI) trade.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 203.83 points, or 2.7 percent, to 7,452.48 at the opening bell.

Overnight, the Dow Jones Industrial Average fell 0.25 percent, while the tech-heavy Nasdaq Composite declined 1.16 percent.

Local technology shares extended their losses, weighing on the benchmark index.