K-SignalAI-generated
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.
- Wall Street sinks as Nasdaq falls over 2% on AI cost worries
- Worldwide drops for AI stocks send Wall Street toward its worst day since July
- Seoul shares open sharply lower amid persistent AI woes, rising oil prices
- Seoul stocks slide over 3% on profit-taking amid persistent AI woes
- Is AI investment slowing Naver's profits?


















