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Kospi opens sharply lower following previous day's rally

Published: 27 Feb. 2026, 10:00

A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Feb. 27. [YONHAP]

Shares opened nearly 1 percent lower Friday on apparent profit-taking following a strong performance the previous session.

The Kospi dropped 56.98 points, or 0.9 percent, to 6,250.29 in the first 15 minutes of trading.

On Thursday, the Kospi soared more than 3 percent to close at a record high above 6,300.

Overnight, U.S. stocks finished mixed. The Nasdaq Composite slid 1.2 percent as U.S. chipmaker Nvidia fell 5.5 percent, despite reporting strong earnings that had fueled a rally in semiconductor shares.

In Seoul, most large-cap shares traded lower.

Chip giant Samsung Electronics went down 0.69 percent, and its rival SK hynix decreased 2.46 percent.

Top carmaker Hyundai Motor lost 0.33 percent, and leading battery maker LG Energy Solution decreased 0.59 percent.

The local currency depreciated 7.25 won from the previous session to trade at 1,433.05 against the greenback at 9:15 a.m.

Yonhap