{"id":13237,"date":"2026-11-03T06:01:25","date_gmt":"2026-11-03T06:01:25","guid":{"rendered":"https:\/\/sotnews.agency\/?p=13237"},"modified":"2026-11-03T06:01:25","modified_gmt":"2026-11-03T06:01:25","slug":"seoul-shares-down-over-2-late-tuesday-morning-on-ai-concerns","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=13237","title":{"rendered":"Seoul shares down over 2% late Tuesday morning on AI concerns"},"content":{"rendered":"
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A screen at the dealing room of Hana Bank\u2019s headquarters in Seoul shows the KOSPI and Kosdaq indices, Tuesday. Yonhap<\/p>\n<\/figcaption><\/figure>\n

Korean stocks traded more than 2 percent lower late Tuesday morning, led by tech losses amid lingering woes about the excessive pace of artificial intelligence (AI) spending.<\/p>\n

Opening 2.46 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) fell 145.02 points, or 2.48 percent, to 5,714.06 as of 11:20 a.m.<\/p>\n

Overnight on Wall Street, the tech-heavy Nasdaq Composite and the S&P 500 closed 1.07 percent and 0.51 percent lower, respectively, ahead of the U.S. midterm elections slated for Tuesday.<\/p>\n

Investor sentiment was dampened by concerns that massive spending on AI infrastructure is undermining tech firms’ near-term profitability.<\/p>\n

In Seoul, tech shares led the decline.<\/p>\n

Market bellwether Samsung Electronics sank 2.95 percent, and its chipmaking rival SK hynix slid 3.8 percent.<\/p>\n

Hanmi Semiconductor, a leading chip equipment maker, fell 4.17 percent, and SK Square, the parent of SK hynix, tumbled 4 percent.<\/p>\n

Steel giant POSCO Holdings slumped 5.3 percent, and leading oil refinery SK Innovation plunged 7.76 percent.<\/p>\n

The Korean won was trading at 1,341 won against the U.S. dollar as of 11:20 a.m., up 3.4 won from the previous session’s close.<\/p>\n

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A screen at the dealing room of Hana Bank\u2019s headquarters in Seoul shows the KOSPI and Kosdaq indices, Tuesday. Yonhap Korean stocks traded more than 2 percent lower late Tuesday morning, led by tech losses amid lingering woes about the excessive pace of artificial intelligence (AI) spending. Opening 2.46 percent lower, the benchmark Korea Composite…<\/p>\n","protected":false},"author":1,"featured_media":13238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_templately_pack_id":"","_templately_imported_at":"","_templately_source":"","_templately_import_session_id":"","footnotes":""},"categories":[16,14],"tags":[],"class_list":["post-13237","post","type-post","status-publish","format-standard","has-post-thumbnail","category-korea","category-trending-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t