Seoul stocks traded flat late Tuesday morning as investors waited for the U.S. Federal Reserve’s rate-setting meeting and reacted to warnings from AI industry executives about slowing the pace of development. The benchmark Korea Composite Stock Price Index stayed unchanged at 6,684.32 points at 11:20 a.m. Semiconductor shares strengthened, while Hanwha Aerospace fell sharply. The won traded at 1,354 against the U.S. dollar, down 7.8 won from the previous session.
The benchmark KOSPI is displayed at a dealing room of Hana Bank in Seoul, Tuesday. Yonhap
Seoul stocks traded flat late Tuesday morning as investors sat on the sidelines ahead of the U.S. Federal Reserve's rate-setting meeting and united warnings from artificial intelligence (AI) industry executives who have called for a slowdown in the pace of development.
The benchmark Korea Composite Stock Price Index (KOSPI) remained unchanged at 6,684.32 points as of 11:20 a.m.
Market top-caps were trading mixed, while semiconductors strengthened.
