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AI cost fears drag Nasdaq, Seoul shares lower

Wall Street's tech-heavy Nasdaq slid more than 2 percent on Thursday as earnings from Tesla and Meta failed to ease AI-related concerns, with rising oil prices adding pressure, the Korea Times reports. The S&P 500 also fell, and the drop in AI and semiconductor stocks dragged Korean shares sharply lower Friday, with the KOSPI opening 2.36 percent lower and later plunging over 3 percent on profit-taking amid persistent AI investment worries. Analysts also expect Naver's third-quarter operating profit to decline by double digits due to AI infrastructure spending, according to the Korea Times.

  1. Wall Street sinks as Nasdaq falls over 2% on AI cost worries Korea Times · 2026-10-23
  2. Worldwide drops for AI stocks send Wall Street toward its worst day since July Korea Times · 2026-10-23
  3. Seoul shares open sharply lower amid persistent AI woes, rising oil prices Korea Times · 2026-10-23
  4. Seoul stocks slide over 3% on profit-taking amid persistent AI woes Korea Times · 2026-10-22
  5. Is AI investment slowing Naver's profits? Korea Times · 2026-10-21

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