Yonhap News4/29/2026BusinessSouth Korea
Seoul Stocks Trade Lower Late Wednesday Morning on AI Sector Concerns, Rising Oil Prices
Quick Look
- Seoul stocks traded lower late Wednesday morning as investor sentiment was dampened by unfavorable reports regarding OpenAI and the AI sector.
- The benchmark KOSPI fell 5.45 points to 6,635.57.
- U.S. stocks lost ground led by tech heavyweights after a report said an OpenAI executive raised concerns over its revenue and user targets.
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Seoul stocks traded lower late Wednesday morning as investor sentiment was dampened by unfavorable reports regarding OpenAI and the AI sector. The benchmark KOSPI fell 5.45 points to 6,635.57. U.S. stocks lost ground led by tech heavyweights after a report said an OpenAI executive raised concerns over its revenue and user targets. Rising oil prices further weighed on the market, with Brent Crude closing at over $111 per barrel.
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This article was originally published by Yonhap News.
