Accra:Seoul Seoul shares started the day with significant gains on Wednesday, anticipating the earnings results from Meta Platforms. This comes as investors are evaluating the impact of artificial intelligence (AI) infrastructure on profitability.
According to Yonhap News Agency, the Korea Composite Stock Price Index (KOSPI) increased by 113.60 points, or 2.05 percent, reaching 5,666.34 at the opening bell. This rise marks a recovery from a nearly 4 percent decline in the previous trading session.
In the U.S., stock markets showed mixed results overnight. The Dow Jones Industrial Average experienced a 1.02 percent increase, contrasting with a slight 0.02 percent decline in the tech-heavy Nasdaq Composite. Strong earnings from certain technology companies have reignited investor interest in tech stocks.
Attention is now focused on upcoming earnings reports from Meta Platforms and other technology firms scheduled for release this week.