Seoul stocks trade sharply lower Friday morning on profit-taking
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Korean stocks traded sharply lower late Friday morning as investors offloaded major chip shares to take profits following overnight losses in U.S. artificial intelligence (AI) and semiconductor stocks. After opening 2.36 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) shed 135.29 points, or 2.44 percent, to 5,398.48 as of 11:20 a.m. Overnight, U.S. stocks closed mixed, with losses in major technology shares weighing on the broader market. The Dow Jones Industrial Average r
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