Seoul stocks erase early losses late Tuesday morning on bargain hunting - The Korea Times

The benchmark KOSPI is displayed at a dealing room in Hana Bank, in Seoul, Tuesday. Yonhap

Seoul stocks erased earlier losses and were trading higher late Tuesday morning as investors went bargain hunting for technology stocks.

The benchmark Korea Composite Stock Price Index (KOSPI) changed its trajectory, going up 149.39 points, or 2.29 percent, to 6,665.66, as of 11:25 a.m.

Foreign and institutional investors lifted the index as they snatched up tech heavyweights.

Overnight U.S. stocks closed lower as investors weighed the risk of renewed hostilities in the Middle East, with upcoming earnings reports from major tech companies later this week.