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Seoul shares start higher despite Wall Street losses, AI concerns

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By Yonhap
  • Published Oct 14, 2026 9:29 am KST
The KOSPI index is displayed at a dealing room of Hana Bank in Seoul, Wednesday. Yonhap

The KOSPI index is displayed at a dealing room of Hana Bank in Seoul, Wednesday. Yonhap

Korean stocks opened a tad higher Wednesday, despite overnight losses on Wall Street amid lingering concerns about artificial intelligence (AI) spending.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 26.73 points, or 0.44 percent, to 6,062.08 at the opening bell.

The index tumbled 5.46 percent the previous day, dragged down by losses in technology shares amid renewed woes over big AI firms' heavy capital spending.

U.S. stocks closed lower. The Dow Jones Industrial Average declined 0.35 percent, and the Nasdaq declined 0.15 percent.

The PHLX chip index fell 0.23 percent, down for a fifth straight session, while Broadcom CEO Hock Tan likened the current AI investment flow to "casino gambling."