Seoul shares open sharply higher ahead of Meta earnings amid AI woes

The Korea Times reports that Seoul shares opened sharply higher on Wednesday, ahead of Meta Platforms' earnings results, as investors weighed concerns over profitability from artificial intelligence (AI) infrastructure. The benchmark Korea Composite Stock Price Index (KOSPI) rose 113.60 points, or 2.05 percent, to 5,666.34 at the opening bell, rebounding from a nearly 4 percent-dip the previous session.

U.S. stocks closed mixed overnight, with the Dow Jones Industrial Average rising 1.02 percent, while the tech-heavy Nasdaq Composite slipped 0.02 percent. Strong earnings from some technology companies helped revive investor interest in tech stocks, with investors now turning their attention to earnings reports from Meta Platforms and other technology companies due this week.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.