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Seoul Shares Finish Lower Friday as Defense Stocks Decline

Written: 2025-08-08 16:53:31Updated: 2025-08-08 17:30:21

Seoul Shares Finish Lower Friday as Defense Stocks Decline

Photo : YONHAP News

The benchmark Korea Composite Stock Price Index lost 17-point-67 points, or zero-point-55 percent, Friday to close at three-thousand-210-point-01.

Investors cashed out defense stocks amid expectations that next week’s U.S.-Russia summit might bring an end to the Russia-Ukraine war.

While Hanwha Aerospace Industries, Hyundai Rotem and LIG Nex1 fell five-point-47 percent, four-point-87 percent and 15-point-nine percent, respectively, Samsung Electronics rose one-point-84 percent and Hanwha Ocean gained zero-point-six percent.

The tech-heavy KOSDAQ gained three-point-46 points, or zero-point-43 percent, to close at 809-point-27.

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