Seoul shares open lower on US tech losses, profit taking

South Korean stocks started a tad lower Friday following tech losses on Wall Street and a sharp rise the previous session as investors are worried about valuation of artificial intelligence-related shares and a possible rate hike by the Federal Reserve.

After opening 1.31 percent lower, the benchmark Korea Composite Stock Price Index further lost 152.4 points, or 1.71 percent, to 8,777.9 as of 9:15 a.m.

The index spiked 5.42 percent the previous day.

Overnight, US stocks closed mixed as investor ...