Seoul:South Korean shares opened lower on Thursday, following sharp gains in the previous session. Investors are currently weighing concerns over the profitability of investments in artificial intelligence (AI) infrastructure.
According to Yonhap News Agency, the benchmark Korea Composite Stock Price Index (KOSPI) fell by 65.55 points, or 1.14 percent, to 5,670.11 at the opening bell. This decline came after a substantial increase of 3.29 percent in the prior trading session.
Overnight, U.S. stocks closed with mixed results as AI-related shares saw a rebound following SpaceX's quarterly results. The Dow Jones Industrial Average rose by 0.69 percent, the S&P 500 gained 0.58 percent, and the tech-heavy Nasdaq Composite advanced by 1.05 percent. Meta Platforms, after posting strong earnings, increased its investment in the AI sector.