(LEAD) Seoul shares open sharply lower amid persistent AI woes, rising oil prices
SEOUL, Oct. 23 (Yonhap) -- South Korean shares opened sharply lower Friday, weig...
Seoul's stock market opened sharply lower on Friday, October 23, due to persistent concerns surrounding artificial intelligence and rising oil prices. The Korea Composite Stock Price Index (KOSPI) started the day 2.36 percent lower, falling 156.6 points, or 2.83 percent, to 5,377.17 by 9:15 a.m. local time.
Overnight, U.S. markets experienced mixed results, with major technology shares taking a hit, contributing to the decline in global markets. The Dow Jones Industrial Average managed a slight gain of 0.02 percent, while the S&P 500 fell 1.21 percent and the tech-focused Nasdaq Composite dropped 2.6 percent.