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Seoul stocks open lower on profit-taking, ahead of Nvidia earnings
Seoul stocks opened lower on Monday as investors locked in gains from chip stocks ahead of Nvidia's earnings. The KOSPI fell 0.73 percent in early trading, while market attention also turned to the Jackson Hole meeting and the Bank of Korea's policy decision.
South Korean stocks opened lower on Monday, with the benchmark KOSPI slipping in early trading as investors locked in gains from large-cap chip stocks. The index was down 0.73 percent, or 50.77 points, at 6,862.18 within the first minute of trading, according to Yonhap News and The Korea Times.
The decline came after the KOSPI closed above 6,900 points on Friday, prompting profit-taking in the semiconductor sector. Investors are closely watching the upcoming earnings release from U.S. chip giant Nvidia for clues about the future direction of the artificial intelligence market, which has been a key driver of recent gains.
Wall Street Gains Fail to Lift Sentiment
Despite the cautious start in Seoul, major U.S. indexes closed higher last week. The S&P 500 and the tech-heavy Nasdaq both rose 0.43 percent, according to reports. The gains came even as U.S. government bond yields increased, with investors engaging in bargain hunting.
However, the positive Wall Street performance was not enough to sustain Seoul's momentum, as investors chose to sit on the sidelines ahead of several key events this week.
Key Events Ahead: Jackson Hole and Bank of Korea Meeting
Market participants are also keeping an eye on the Jackson Hole meeting of the U.S. Federal Reserve, as well as the upcoming policy meeting of the Bank of Korea. These events are expected to provide further direction on monetary policy, which could influence investor sentiment in the coming days.
Mixed Performance Among Top Caps
Trading among major stocks was mixed. Samsung Electronics shed 5.33 percent, while its industry rival SK hynix added 2.02 percent. Top carmaker Hyundai Motor inched up 0.24 percent, and defense giant Hanwha Aerospace advanced 1.84 percent. KB Financial shed 2.43 percent.
The Korean won was quoted at 1,383.8 won against the U.S. dollar, up 2.2 won from the close of the previous stock trading session.
How this outlet told it
Yonhap News — English
Framing: Emphasizes profit-taking and Nvidia earnings as the cause of the opening decline, but omits any specific stock movements or the later extension of losses. — Measured and neutral, describing market movements without alarm or speculation.
Facts Included:
Seoul stocks opened lower Monday, down 0.73 percent or 50.77 points to 6,862.18 in the first minute of trading.
Investors were on the sidelines ahead of Nvidia's earnings release.
The KOSPI closed above 6,900 points on Friday.
Investors locked in gains from large-cap chip stocks.
References Nvidia's earnings as hints for AI market direction.
Framing: Headline focuses on stocks extending losses late morning, attributing them to chip profit-taking. — Neutral reporting, with a hint of disappointment in investor reaction.
Facts Included:
Seoul stocks extended losses late Monday morning as investors locked in profits.
KOSPI shed 153.42 points, or 2.22 percent, to 6,759.53 as of 11:18 a.m.
Investors were disappointed over Samsung Electronics' shareholder return plan, according to Mirae Asset Securities analyst Kim Seok-hwan.
Samsung announced a shareholder return plan targeting payout of up to 110 trillion won (US$79.7 billion), including cash dividends of around 30 trillion won in Q3.
Samsung Electronics shed 7.28 percent, while SK hynix declined 0.64 percent.
Hyundai Motor fell 1.08%, KB Financial dipped 1.64%, Doosan Enerbility inched down 0.68%.
Korean won trading at 1,377.5 won per dollar as of 11:20 a.m., up 8.5 won.
Framing: Headline notes stocks extend losses late Monday morning on chip profit-taking, indicating continued decline, and attributes to chip profit-taking. — Neutral, factual reporting with market details.
Facts Included:
Seoul stocks opened lower Monday, down 0.73 percent or 50.77 points to 6,862.18 in the first minute.
After closing above 6,900 points on Friday, index lost ground as investors locked in gains from large-cap chip stocks ahead of Nvidia earnings.
Wall Street indexes closed higher last week: S&P 500 and Nasdaq up 0.43%.
Investors also eyeing Jackson Hole meeting and Bank of Korea policy meeting this week.
Specific stock movements: Samsung Electronics shed 5.33%, SK hynix added 2.02%, Hyundai Motor inched up 0.24%, Hanwha Aerospace advanced 1.84%, KB Financial shed 2.43%.
Korean won quoted at 1,383.8 won against the dollar, up 2.2 won from previous close.
Each row is one claim, attributed to the outlet whose wording states it most clearly. Confidence rates how directly the source text states the claim — explicit and unhedged rates high; hedged, pieced-together, or internally inconsistent statements rate lower. It does not measure whether the claim is true. Status counts the distinct outlets we found asserting it — so a single-source claim can still show high confidence, and a multi-source claim can show medium. Every one of those outlets is named beside the status, so you can check the count against the list. For claims extracted before we began storing that list, the row says so: it names the outlet the claim is quoted from and states that we have not recorded which outlets backed it. Outlets wrote at different times, so a figure that evolves — a casualty count, for example — can legitimately differ between rows; check the "as of" time next to each claim's source.
Claim
Confidence
Status
ClaimSeoul stocks opened lower Monday, with the benchmark KOSPI down 0.73% or 50.77 points to 6,862.18 in the first minute of trading.
ClaimSamsung Electronics announced a shareholder return plan targeting payout of up to 110 trillion won (US$79.7 billion), including around 30 trillion won in Q3 dividends.
ClaimInvestors are keeping an eye on the Jackson Hole meeting of the U.S. Federal Reserve and the upcoming policy meeting of the Bank of Korea this week.