Seoul stocks open lower as disappointing tech earnings trigger AI spending woes

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SEOUL, Nov. 2 (Yonhap) -- Seoul stocks opened lower Monday weighed down by declines in U.S. tech shares amid concerns over massive investments in artificial intelligence (AI).

The benchmark Korea Composite Stock Price Index (KOSPI) opened down 92.97 points, or 1.62 percent, to 5,637.77.

Major stock indexes on Wall Street closed lower Friday (U.S. time), following disappointing quarterly earnings from Intel and Amazon, which amplified growing concerns over the sustainability of AI spending.

The S&P500 fell 1.82 percent, and the tech-heavy Nasdaq declined 2.86 percent.

On the Middle East front, Iranian negotiators were in Doha on Sunday (local time) for a third consecutive day of talks with Qatari mediators to end the U.S.-Iran war.

Investors are also closely following the U.S. jobs report and the U.S. midterm elections set to take place Tuesday.

Traders work inside the dealing room of Hana Bank in central Seoul on Oct. 30, 2026. (Yonhap)

fairydust@yna.co.kr (END)

Seoul stocks open lower as disappointing tech earnings trigger AI spending woes

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首尔，11月2日（韩联社）——周一，首尔股市开盘走低，受美国科技股下跌拖累，原因是市场担忧人工智能（AI）领域的大规模投资。

韩国综合股价指数（KOSPI）开盘下跌92.97点，跌幅1.62%，报5637.77点。

受英特尔和亚马逊令人失望的季度财报影响，华尔街主要股指周五（美国时间）收低，加剧了人们对人工智能支出可持续性的担忧。

标准普尔500指数下跌1.82%，以科技股为主的纳斯达克指数下跌2.86%。

在中东方面，伊朗谈判代表周日（当地时间）在多哈与卡塔尔调解人连续第三天举行会谈，以结束美伊战争。

投资者们也在密切关注美国的就业报告和定于周二举行的美国中期选举。

2026年10月30日，交易员在首尔市中心韩亚银行的交易室内工作。（韩联社）

fairydust@yna.co.kr (完)

首尔股市开盘走低，令人失望的科技公司财报引发人工智能支出担忧。