South Korea's Kospi 0.4% Lower; Chip, Auto Stocks Retreat -- Market Talk

Dow Jones
04-16

0022 GMT - South Korea's benchmark Kospi falls 0.4% to 2468.39 in early trade as semiconductor and auto stocks retreat. U.S. artificial-intelligence chip giant Nvidia's after-hours trading fall is weighing on local chip-making stocks. Foreign investors are net sellers. Memory-chip maker SK Hynix, which supplies high-bandwidth-memory chips to Nvidia, falls 2.2%. Carmaker Hyundai Motor retreats 1.3% amid lingering U.S. tariff concerns. Index heavyweight Samsung Electronics loses 1.1%. USD/KRW is 0.4% higher at 1,430.65 in Seoul onshore trading. South Korea's 10-year government bond yield is down 2.7 bps at 2.664%.(kwanwoo.jun@wsj.com)

 

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April 15, 2025 20:22 ET (00:22 GMT)

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