Top things to know
- KOSPI opened down 65.55 points, or 1.14 percent, at 5,670.11 on Thursday.
- The index had jumped 3.29 percent in the previous session.
- Investors weighed concerns over AI infrastructure profitability.
- U.S. stocks closed mixed; Meta Platforms boosted its AI bet after sound earnings.
- Samsung Electronics edged up 0.34 percent; SK hynix fell 0.31 percent.
South Korean shares opened lower on Thursday, with the benchmark Korea Composite Stock Price Index (KOSPI) falling 65.55 points, or 1.14 percent, to 5,670.11 at the opening bell, after jumping 3.29 percent in the previous session. Investors weighed concerns over the profitability of artificial intelligence (AI) infrastructure investments, according to Yonhap News Agency.Overnight, U.S. stocks closed mixed as AI-related shares rebounded following SpaceX's quarterly results. The Dow Jones Industrial Average rose 0.69 percent, while the S&P 500 gained 0.58 percent and the tech-heavy Nasdaq Composite advanced 1.05 percent. Meta Platforms boosted its bet on the AI sector after delivering sound earnings. In Seoul, most large-cap shares opened lower, with Samsung Electronics inching up 0.34 percent while SK hynix declined 0.31 percent. Battery maker LG Energy Solution fell 3.65 percent, while Samsung Electro-Mechanics jumped 4.79 percent. The Korean won was trading at 1,326.5 won against the U.S. dollar at 9:15 a.m., up 0.5 won from the previous session's close.