Seoul shares turn lower after opening up amid inflation worries

Seoul shares initially rose slightly on Thursday but then fell due to concerns about inflation. This decline is largely driven by rising oil prices, which are putting upward pressure on inflation. The Korea Composite Stock Price Index (KOSPI) dropped 0.78 percent, losing 53.32 points to 6,750.58 by 9:15 a.m. This downward trend is in line with the US market, where the Dow Jones Industrial Average and the Nasdaq Composite also fell.

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Seoul shares turned lower due to inflation worries. Elevated oil prices are stoking these concerns.

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Korea Times. For information only — not financial advice.