Seoul Stocks Open Lower as Disappointing Tech Earnings Trigger AI Spending Woes
6 Articles
6 Articles
The KOSPI opened 1.62% lower on the 2nd, influenced by the sharp decline in semiconductor stocks in the U.S. market. While Intel's largest drop in 52 years and concerns over AI profitability dampened investor sentiment, the domestic market showed a more stable trend than expected. Attention should be paid to market volatility stemming from major upcoming events originating in the U.S.
Seoul stocks open lower as disappointing tech earnings trigger AI spending woes
Seoul stocks opened lower Monday weighed down by declines in U.S. tech shares amid concerns over massive investments in artificial intelligence (AI). The benchmark Korea Composite Stock Price Index (KOSPI) was down 51 points, or 0.89 percent, to 5,679.74 as of 9:15 a.m. Major stock indexes on Wall Street closed lower Friday (U.S. time), following disappointing quarterly earnings from Intel and Amazon, which amplified growing concerns over the su…
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[Digital Daily Reporter Kim Nam-gyu] The KOSPI opened with a decline of over 1% on the 2nd, the first trading day of November, following the sharp drop in U.S. tech stocks. Although it fell to the 5,616 level early in the session, it is narrowing its losses thanks to institutional buying. According to the Korea Exchange, as of 9:17 a.m. on this day, the KOSPI was trading at 5,664.37, down 66.37 points (1.16%) from the previous trading day. The…
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