Seoul shares open lower amid persistent AI woes
Korean shares opened lower Thursday, after the previous session's sharp gains as investors weighed concerns over the profitability of artificial intelligence (AI) infrastructure investments. After opening 1.14 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) fell 24.68 points, or 0.46 percent, to 5,710.98 as of 9:15 a.m. Overnight, U.S. stocks closed mixed as AI-related…
Seoul stocks opened lower on Thursday as investors grappled with concerns over the profitability of AI infrastructure investments, following the previous session's sharp gains. The Korea Composite Stock Price Index (KOSPI) fell 0.46 percent to 5,710.98 points by 9:15 a.m. local time, with U.S. stocks closing mixed amid mixed AI-related share performances.
Meta Platforms boosted its investment in AI, while Samsung Electronics and SK hynix saw modest gains and declines respectively. The Korean won traded at 1,326.5 won against the U.S. dollar.
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.
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- (LEAD) Seoul shares open lower amid persistent AI woes en.yna.co.kr
- Seoul shares open lower amid persistent AI woes koreatimes.co.kr
