Seoul: Seoul stocks opened slightly higher Tuesday but quickly turned lower as bargain hunting in battered tech heavyweights faded amid lingering concerns over escalating tensions in the Middle East. After opening 0.58 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) trimmed earlier gains to fall 38.56 points, or 0.59 percent, to 6,477.71 as of 9:15 a.m.

According to Yonhap News Agency, the KOSPI shed 4.46 percent Monday, following a 6.37 percent fall Friday. This decline comes as major U.S. stock indexes also closed lower overnight, with investors weighing the risk of renewed hostilities in the Middle East while awaiting earnings reports from major technology companies later this week. The SandP 500 slipped 0.2 percent, and the Dow Jones Industrial Average fell 0.6 percent, while the tech-heavy Nasdaq inched down 0.05 percent.

U.S. President Donald Trump vowed that Iran "will pay" for killing three American soldiers in recent days, even as mediators proposed a new truce. Additionally, Saudi Arabia announced it would take all necessary measures to protect its ships following threats by the Tehran-backed Houthi militants in Yemen.

In Seoul, most market heavyweights traded lower, although semiconductor shares advanced. Market top-cap Samsung Electronics gained 2.25 percent, while its rival SK hynix rose 0.28 percent. Conversely, top carmaker Hyundai Motor declined 3.26 percent, and battery maker LG Energy Solution slid 0.31 percent. Defense giant Hanwha Aerospace edged down 0.11 percent.

Meanwhile, the Korean won was trading at 1,475.7 won against the U.S. dollar, up 2.2 won from the previous session.