Seoul shares open sharply lower on AI woes ahead of US midterm elections

Korea Times News ·
Economy Markets South Korea

Korean stocks started sharply lower Tuesday, weighed down by lingering concerns over massive spending on artificial intelligence (AI) infrastructure ahead of the U.S. midterm elections. The benchmark Korea Composite Stock Price Index (KOSPI) fell 143.89 points, or 2.46 percent, to 5,715.19 at the opening bell. Overnight, U.S. stocks closed mixed as investors were focused on the U.S. midterm…

Read original article on Korea Times News →

Related news