Seoul stocks open sharply lower on AI fears after US midterms

Korea Times News ·
Economy Markets South Korea

Seoul stocks opened sharply lower Friday, tracking an overnight rout on Wall Street as investors feared a Democratic sweep in Congress could decelerate the data center build-out. The benchmark Korea Composite Stock Price Index (KOSPI) opened down 120.54 points, or 2.24 percent, at 5,263.26. Major U.S. stock indexes tumbled overnight as the midterm election results weighed heavily on U.S. stocks…

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