Seoul shares start sharply lower on tech losses amid Hormuz hopes
South Korean stocks opened sharply lower Thursday, driven by losses in some big technology companies on Wall Street amid signs of progress on the Strait of Hormuz.
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South Korean stocks opened sharply lower Thursday, driven by losses in some big technology companies on Wall Street amid signs of progress on the Strait of Hormuz.
Hello, this is Priyanka Salve, writing to you from Singapore.
SEOUL, Aug. 6 (Yonhap) -- South Korean stocks opened sharply lower Thursday, driven by losses in some big technology companies on Wall Street amid signs of progress on the Strait of Hormuz.
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NEW YORK — Stock markets climbed but then stalled Wednesday as investors digested a wave of company earnings that broadly surpassed expectations, while assessing the chances of a US-Iran deal to reopen the Strait of Hormuz.
Stocks held close to their records on Wall Street, while oil prices held steady.
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Stocks wavered in afternoon trading on Wall Street and hovered around their records set a day earlier, while oil prices held steady.
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Topic:Financial Markets