Seoul shares open 1.38 pct lower on woes over inflation, tech slump

South Korean stocks began trading on Thursday with a notable decline, with the benchmark KOSPI index falling by 1.38%. This downturn is attributed to ongoing concerns about persistent inflation and a significant slump in the technology sector. Investors are reacting cautiously to the global economic climate, which is being impacted by rising prices and the struggles of major tech companies.

This indicates investor sentiment and the broader economic health of South Korea, a major global technology exporter.