Seoul stocks open sharply lower after U.S. tech sell-off

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SEOUL, Oct. 19 (Yonhap) -- Seoul shares opened sharply lower Monday in the wake of a technology-centered sell-off on Wall Street, as concerns mount over whether heavy investment in artificial intelligence (AI) infrastructure can generate sufficient returns.

The benchmark Korea Composite Stock Price Index (KOSPI) opened down 179.64 points, or 3.17 percent, at 5,488.41 at the opening bell.

The KOSPI rose 2.05 percent to close at 5,668.05 on Friday, snapping a seven-session losing streak during which it had fallen 6.3 percent.

On Friday (U.S. time), the Dow Jones Industrial Average fell 0.34 percent and the tech-heavy Nasdaq Composite plunged 2.14 percent.

Investors remain cautious ahead of earnings reports from major companies, including Tesla and Meta Platforms, due this week, as well as the Nov. 3 U.S. midterm elections, amid continued uncertainty over the interest rate outlook, analysts said.

This photo taken Oct. 16, 2026, shows the dealing room of Hana Bank in Seoul after the market close. (Yonhap)

kyongae.choi@yna.co.kr (END)

Seoul stocks open sharply lower after U.S. tech sell-off

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首尔，10 月 19 日（韩联社）——受华尔街科技股抛售潮的影响，首尔股市周一开盘大幅走低，原因是人们越来越担心对人工智能 (AI) 基础设施的大量投资能否产生足够的回报。

韩国综合股价指数（KOSPI）开盘下跌179.64点，跌幅3.17%，报5488.41点。

韩国综合股价指数（KOSPI）周五上涨2.05%，收于5668.05点，结束了此前连续七个交易日的下跌趋势，期间累计下跌6.3%。

周五（美国时间），道琼斯工业平均指数下跌0.34%，以科技股为主的纳斯达克综合指数暴跌2.14%。

分析师表示，由于利率前景持续不明朗，投资者在特斯拉和Meta Platforms等主要公司本周即将发布财报以及11月3日美国中期选举前仍保持谨慎态度。

这张照片拍摄于2026年10月16日，显示的是首尔韩亚银行收盘后的交易室。（韩联社）

kyongae.choi@yna.co.kr (完)

美国科技股抛售潮后，首尔股市开盘大幅走低