{
  "id": 17154874,
  "title": "Seoul stocks open lower on Wall Street losses, AI concerns",
  "url": "https://urgent.news/2026/10/30/seoul-stocks-open-lower-on-wall-street-losses-ai-concerns-17154874",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-30T01:22:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20261030/seoul-stocks-open-lower-on-wall-street-losses-ai-concerns"
  },
  "original_language": "en",
  "account": "Korean stocks began the day lower on Friday, mirroring an overnight decline on Wall Street due to growing doubts about the long-term viability of the artificial intelligence (AI) boom. The benchmark Korea Composite Stock Price Index (KOSPI) fell 3.85 percent, reaching 5,709.23 points by 9:15 a.m., down 228.43 points from its previous level.\n\nThe day before, the index experienced a 1.24 percent decrease, attributed to profit-taking in major chip stocks, even though Samsung Electronics reported its strongest quarterly earnings ever. However, the global market sentiment was dampened by the performance of Wall Street shares, chiefly due to a setback in the technology sector.\n\nAlphabet, the parent company of Google, saw its shares plummet more than 12 percent after its third-quarter revenue grew by 25 percent year-over-year to $127.58 billion, but failed to meet market predictions. This performance sparked concerns about the profitability of substantial investments in AI technologies. The tech-focused Nasdaq Composite Index declined 1.38 percent, while the Philadelphia Semiconductor Index slipped 1.4 percent, further dampening the outlook for South Korean chip manufacturers.\n\nAmong the KOSPI's largest companies, Samsung Electronics experienced a 3.66 percent decline, while chip giant SK Hynix also saw its stock price drop.",
  "summary": "Korean stocks opened lower Friday, tracking overnight losses on Wall Street, as renewed concerns over the sustainability of the artificial intelligence (AI) boom weighed on investor sentiment. After opening 2.99 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) extended its earlier losses to trade lower 228.43 points, or 3.85 percent, to 5,709.23 as of 9:15 a.m. The index…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "AI giants' funding ambitions test Wall Street's appetite for risk",
        "url": "https://urgent.news/2026/10/28/ai-giants-funding-ambitions-test-wall-streets-appetite-for-risk",
        "published": "2026-10-28T14:16:16.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "How surging demand from AI hyperscalers has quintupled flash memory prices and shifted market and negotiating power from Apple to suppliers like Kioxia (Rolfe Winkler/Wall Street Journal)",
        "url": "https://urgent.news/2026/10/29/how-surging-demand-from-ai-hyperscalers-has-quintupled-flash-memory",
        "published": "2026-10-29T03:55:00.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Wall Street ends lower as Alphabet revenue miss revives AI capex jitters",
        "url": "https://urgent.news/2026/10/29/wall-street-ends-lower-as-alphabet-revenue-miss-revives-ai-capex",
        "published": "2026-10-29T21:09:26.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Wall Street ends lower as Alphabet revenue miss revives AI capex jitters",
        "url": "https://urgent.news/2026/10/29/wall-street-ends-lower-as-alphabet-revenue-miss-revives-ai-capex-17136450",
        "published": "2026-10-29T21:57:57.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Seoul stocks open lower on Wall Street losses, AI concerns",
        "url": "https://urgent.news/2026/10/30/urgent-seoul-stocks-open-lower-on-wall-street-losses-ai-concerns",
        "published": "2026-10-30T00:01:57.000Z"
      }
    ]
  },
  "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."
}