Seoul shares started the week on a downward trend as the benchmark Korea Composite Stock Price Index fell 1.05 percent in the first 15 minutes of trading. This decline was in response to losses on Wall Street the previous week, with the Dow Jones Industrial Average closing lower following stronger-than-expected employment data that reduced expectations for a US rate cut. The US Federal Reserve is scheduled to hold its rate-setting meeting on Tuesday and Wednesday, adding to the cautious sentiment in the market. In Seoul, most large caps experienced declines, including Samsung Electronics, SK hynix, Celltrion, LG Energy Solution, Hyundai Motor, and Kia Motors. Additionally, the local currency weakened against the US dollar, trading at 1,381.35 won. The downward trajectory of Seoul shares at the beginning of the week was driven by the benchmark Korea Composite Stock Price Index's 1.05 percent drop in the initial 15 minutes of trading, following losses on Wall Street the previous week. The decline in the Dow Jones Industrial Average, influenced by stronger-than-expected employment data that diminished hopes for a US rate cut, contributed to the cautious market sentiment. With the upcoming US Federal Reserve rate-setting meeting, investors remained watchful. In Seoul, major companies such as Samsung Electronics, SK hynix, Celltrion, LG Energy Solution, Hyundai Motor, and Kia Motors experienced declines, while the local currency also weakened against the US dollar, trading at 1,381.35 won.