{"id":276795,"date":"2026-02-06T06:46:14","date_gmt":"2026-02-06T06:46:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/276795\/"},"modified":"2026-02-06T06:46:14","modified_gmt":"2026-02-06T06:46:14","slug":"seoul-stocks-open-sharply-lower-as-us-tech-shares-extend-losses-on-ai-woes","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/276795\/","title":{"rendered":"Seoul stocks open sharply lower as US tech shares extend losses on AI woes"},"content":{"rendered":"

\"An An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Friday. (Yonhap) <\/p>\n

South Korean stocks opened lower Friday following overnight losses on Wall Street amid concerns that major firms’ investments in the artificial intelligence sector could lead to financial burdens.<\/p>\n

The benchmark Korea Composite Stock Price Index sank 246.42 points, or 4.77 percent, to 4,917.15 in the first 15 minutes of trading, surrendering the 5,000 threshold.<\/p>\n

Overnight, the tech-heavy Nasdaq composite dipped 1.59 percent and the S&P 500 lost 1.3 percent as investors expressed concerns over excessive AI-related spending by major technology firms. The Dow Jones Industrial Average shed 1.2 percent.<\/p>\n

In Seoul, large cap shares opened lower across different sectors.<\/p>\n

Samsung Electronics fell 4.58 percent, and SK hynix sank 5.58 percent.<\/p>\n

Hyundai Motor lost 6.86 percent, and its sister Kia decreased 4.26 percent. Hanwha Aerospace crashed 7.99 percent.<\/p>\n

Chemical shares opened mostly lower as well. LG Chem dipped 4.33 percent, and SK Innovation lost 4.01 percent. S-Oil also moved down 5.11 percent.<\/p>\n

Financial shares were also in negative terrain, with Shinhan Financial moving down 1.1 percent, and Samsung Life Insurance losing 4.96 percent.<\/p>\n

The Korean won was trading at 1,474.3 won against the US dollar as of 9:15 a.m., down 5.3 won from the previous session’s close. (Yonhap)<\/p>\n","protected":false},"excerpt":{"rendered":"An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank…\n","protected":false},"author":2,"featured_media":276796,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,714,85,46,715,711,710,716,712,713,125,709,718,719,717],"class_list":["post-276795","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-asia-news","tag-il","tag-israel","tag-k-pop","tag-koreaherald","tag-korean-news","tag-kpop","tag-south-korea-news","tag-south-korea-news-in-english","tag-technology","tag-the-korea-herald","tag-718","tag-719","tag-717"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/276795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=276795"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/276795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/276796"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=276795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=276795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=276795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}