(URGENT) Seoul shares end 5.4 pct lower on expanded tech losses
Seoul's main stock index closed down 5.4 percent, marking its steepest decline in recent weeks. The drop was driven by widening losses in the technology sector, with major chipmakers posting significant losses. Analysts said the sell‑off reflects concerns over global demand and rising competition.
- ▪The KOSPI fell 5.4 percent at the close of trading on July 8, 2026.
- ▪Losses in the technology segment widened, pulling the broader market lower.
- ▪Leading semiconductor firms such as Samsung Electronics and SK Hynix recorded sharp declines.
- ▪Market observers linked the weakness to slowing global demand for chips and heightened competition.
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