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30.04.202601:40:01UTC+00South Korean Shares Ease From Record Levels

The benchmark KOSPI slipped 0.1% to around 6,680 on Thursday, halting its multi-session rally as escalating geopolitical tensions in the Middle East and a sharp rise in oil prices triggered profit-taking. Brent crude advanced toward $120 per barrel amid a deepening US–Iran standoff, stoking concerns over renewed inflationary pressures and higher energy import costs for South Korea’s economy. Sentiment was further weighed down by broad regional weakness and investor caution after the Federal Reserve left interest rates unchanged while emphasizing continued uncertainty over the outlook.

Earlier in the session, risk appetite had been buoyed by Samsung Electronics’ record first-quarter earnings, underpinned by strong AI-related chip demand, as well as better-than-expected results from major US technology companies that reinforced optimism about the global AI boom. Large-cap moves were mixed: Samsung Electronics dipped 0.3%, Hyundai Motor fell 3.2%, and LG Energy Solution lost 1.8%, while SK Hynix rose 0.9% and SK Square gained 2.5%.

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