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(LEAD) Seoul shares turn lower after opening up amid inflation worries

SEOUL, Oct. 8 (Yonhap) -- Seoul shares turned lower after opening up Thursday, l...

Yonhap NewsChoi Kyong-ae查看原文 ↗
This photo, taken Oct. 8, 2026, shows the dealing room of Hana Bank in Seoul after the market open. (Yonhap)
This photo, taken Oct. 8, 2026, shows the dealing room of Hana Bank in Seoul after the market open. (Yonhap)

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SEOUL, Oct. 8 (Yonhap) -- Seoul shares turned lower after opening up Thursday, largely due to inflation worries stoked by elevated oil prices.

After opening 0.07 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) lost ground, trading down 53.32 points, or 0.78 percent, to 6,750.58 as of 9:15 a.m.

Overnight, the Dow Jones Industrial Average fell 0.66 percent, while the tech-heavy Nasdaq Composite declined 0.22 percent.

Investors remain wary as higher oil prices are adding to inflationary pressures, and the U.S. Federal Reserve has signaled it may need to raise rates this year to tame inflation.

In Seoul, large-cap stocks were mixed.

Market behemoth Samsung Electronics fell 0.19 percent, and top carmaker Hyundai Motor declined 2.53 percent.

Defense giant Hanwha Aerospace dropped 3.5 percent, and shipping firm HMM shed 2.34 percent.

Among gainers, chip giant SK hynix rose 0.75 percent, and battery maker Samsung SDI climbed 3.2 percent.

The Korean won was trading at 1,337.80 won against the U.S. dollar, up 1.2 won from the close of the previous stock trading session.

This photo, taken Oct. 8, 2026, shows the dealing room of Hana Bank in Seoul after the market open. (Yonhap)

kyongae.choi@yna.co.kr (END)

(LEAD) Seoul shares turn lower after opening up amid inflation worries

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