{
  "id": 16012165,
  "title": "Seoul stocks slide over 3 pct on profit-taking amid persistent AI woes",
  "url": "https://urgent.news/2026/10/22/seoul-stocks-slide-over-3-pct-on-profit-taking-amid-persistent-ai-woes",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-22T06:35:20.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20261022008000320"
  },
  "original_language": "en",
  "account": "SEOUL, Oct. 22 (Yonhap) -- South Korean shares experienced a significant decline of more than 3 percent on Thursday, as investors cashed in on major chip shares following a previous session's rebound, amid apprehensions surrounding investments in the artificial intelligence (AI) value chain. The Korean won appreciated against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) slipped 201.8 points, or 3.52 percent, to reach 5,533.77. The index opened in a down position, 1.14 percent lower, but briefly turned positive before resuming its slide, with losses accelerating sharply. The KOSPI had previously rebounded by more than 3 percent from severe losses in the previous session, buoyed by gains in semiconductor shares. Overnight, U.S. markets closed mixed, with AI-related stocks rebounding after SpaceX's quarterly earnings announcement. The Dow Jones Industrial Average climbed 0.69 percent, while the S&P 500 rose 0.58 percent and the tech-focused Nasdaq Composite increased 1.05 percent. Following a solid earnings report, Meta Platforms intensified its focus on the AI sector. As of 3:30 p.m., the Korean won was valued at 1,324.2 won against the U.S. dollar, up 1 won from the prior trading session's close.",
  "summary": "SEOUL, Oct. 22 (Yonhap) -- South Korean shares plunged more than 3 percent Thurs...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Seoul stocks sharply down late Thurs. morning amid AI concerns",
        "url": "https://urgent.news/2026/10/22/seoul-stocks-sharply-down-late-thurs-morning-amid-ai-concerns",
        "published": "2026-10-22T02:30:19.000Z"
      }
    ]
  },
  "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."
}