{
  "id": 15528167,
  "title": "Seoul stocks open sharply lower after US tech sell-off",
  "url": "https://urgent.news/2026/10/19/seoul-stocks-open-sharply-lower-after-us-tech-sell-off-15528167",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T01:02:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20261019/seoul-stocks-open-sharply-lower-after-us-tech-sell-off"
  },
  "original_language": "en",
  "account": "Seoul's stock market experienced a sharp decline on Monday, following a sell-off in the technology sector on Wall Street, due to mounting concerns about the profitability of investments in artificial intelligence (AI) infrastructure. The Korea Composite Stock Price Index (KOSPI) opened 3.17 percent lower and subsequently fell by 95.95 points, or 1.69 percent, to reach 5,572.10 at 9:15 a.m. Despite its initial drop, the KOSPI managed to recover, closing 1.69 percent lower at 5,668.05 on Friday, ending a seven-day losing streak that saw a 6.3 percent decrease.\n\nThe downturn on Wall Street mirrored a similar pattern in the United States, with the Dow Jones Industrial Average slipping by 0.34 percent, while the tech-focused Nasdaq Composite plummeted 2.14 percent. Investors are exercising caution as major companies, such as Tesla and Meta Platforms, are scheduled to release earnings reports this week, alongside the upcoming U.S. midterm elections on November 3rd. Analysts attribute the current market volatility to ongoing uncertainty regarding interest rate expectations.\n\nIn Seoul, the technology sector bore the brunt of the decline, with Samsung Electronics suffering a 1.28 percent drop and its chip manufacturing rival, SK hynix, falling by 2.83 percent. The car manufacturer Hyundai Motor also contributed to the downward trend.",
  "summary": "Seoul shares opened sharply lower Monday in the wake of a technology-centered sell-off on Wall Street, as concerns mount over whether heavy investment in artificial intelligence (AI) infrastructure can generate sufficient returns. After opening 3.17 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) narrowed losses, trading down 95.95 points, or 1.69 percent, at 5,572.10 as of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Seoul stocks open lower after U.S. tech sell-off",
        "url": "https://urgent.news/2026/10/19/urgent-seoul-stocks-open-lower-after-u-s-tech-sell-off",
        "published": "2026-10-19T00:02:20.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Seoul stocks open sharply lower after US tech sell-off",
        "url": "https://urgent.news/2026/10/19/seoul-stocks-open-sharply-lower-after-us-tech-sell-off",
        "published": "2026-10-19T00:37:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}