The Korea Times
Korean stocks opened a tad lower Tuesday, as investors rushed to cash out market heavyweights, bucking overnight gains on Wall Street. After opening at a record high of 8,883.19, the benchmark Korea Composite Stock Price Index (KOSPI) gave up early gains and fell 59.5 points, or 0.68 percent, to 8,728.88 as of 9:15 a.m. The KOSPI closed at an all-time high of 8,788.38 on Monday. Overnight, U.S. stocks finished higher, with major indexes reaching fresh record highs as a rally in tech shares lifted market sentiment. U.S. chip giant Nvidia surged more than 6 percent after CEO Jensen Huang unveiled a new AI processor designed to run local agentic AI applications on personal computers. Oil held gains as Washington struggled to get efforts toward an Iran peace deal back on track. U.S. President Donald Trump said talks with Iran were progressing at a rapid pace. Large-cap shares were mixed. Market bellwether Samsung Electronics rose 3.58 percent, while its rival chipmaker SK hynix fell 1.86 percent. Top automaker Hyundai Motor fell 3.87 percent, and electronic components maker Samsung Electro-Mecha
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