{
  "id": 17158609,
  "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-17158609",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-30T01:57:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20261030/seoul-stocks-open-lower-on-wall-street-losses-ai-concerns"
  },
  "original_language": "en",
  "account": "Korean stocks faced a downward trend on Friday, mirroring losses observed in Wall Street overnight, as fresh doubts about the long-term viability of the artificial intelligence (AI) sector cast a shadow over investor confidence. The Korea Composite Stock Price Index (KOSPI) started 2.99 percent lower, subsequently declined by 3.85 percent, closing at 5,709.23 points by 9:15 a.m. This marked a reversal from the previous day's 1.24 percent decline driven by profit-taking in major chip stocks, despite Samsung Electronics reporting record quarterly earnings.\n\nThe decline on Friday was attributed to the negative performance on Wall Street, primarily driven by a sharp drop in technology shares. Alphabet, the parent company of Google, suffered a significant 12 percent plunge following its third-quarter revenue, which increased by 25 percent year-on-year to $127.58 billion, but fell short of market projections. This prompted concerns over the profitability of extensive investments in AI technology. The tech-heavy Nasdaq Composite Index also suffered a 1.38 percent drop, while the Philadelphia Semiconductor Index declined by 1.4 percent, further dampening investor sentiment towards Korean semiconductor companies. Notably, top market cap companies such as Samsung Electronics and chip giant SK declined by 3.66 percent and an unspecified percentage, respectively.",
  "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."
}