{
  "id": 17194339,
  "title": "KOSPI falls 3.48% as US tech earnings fuel AI investment concerns",
  "url": "https://urgent.news/2026/10/30/kospi-falls-3-48-as-us-tech-earnings-fuel-ai-investment-concerns-17194339",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-30T07:42:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/others/20261030/kospi-falls-348-as-us-tech-earnings-fuel-ai-investment-concerns"
  },
  "original_language": "en",
  "account": "The Korean Stock Exchange’s KOSPI index plummeted over 3% on Friday, driven by losses in American technology equities and apprehensions surrounding the profitability of artificial intelligence (AI) investments. The main index closed at 5,730.74, down 206.92 points, or 3.48%, after opening 2.99% lower at 5,760.35. This significant sell-off sparked a sell-side sidecar at around 10:05 a.m., briefly suspending automatic sell orders for the first time in 11 trading days following a 7.57% drop on October 15.\n\nSamsung Electronics and SK hynix, two key chipmakers, were among the hardest-hit stocks. Samsung Electronics saw a 3.02% decline, while SK hynix fell 7.08%. The market reaction followed earnings releases from major U.S. technology companies, which fueled doubts about the returns on their substantial AI investments.\n\nAlphabet, the parent company of Google, disclosed weaker-than-expected results and a widening free cash flow deficit. Similarly, Amazon's earnings and guidance disappointed analysts, putting a spotlight on the expenses associated with expanding AI infrastructure. Notably, the three major U.S. indexes also experienced declines during the session.",
  "summary": "KOSPI fell more than 3 percent Friday as losses in U.S. technology stocks and concerns over returns on artificial intelligence (AI) investments triggered selling in heavyweight chipmakers Samsung Electronics and SK hynix. The benchmark index ended at 5,730.74, down 206.92 points, or 3.48 percent. It opened 2.99 percent lower at 5,760.35 and extended its losses during the session. The sharp…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}