SEOUL SHARES OPEN LOWER AMID PERSISTENT AI WOES

What happened: South Korean shares opened lower Thursday, with the KOSPI down after the previous session's sharp gains, as investors weighed concerns over the profitability of artificial intelligence infrastructure investments. Key numbers: KOSPI opened 1.14 percent lower, then fell 24.68 points, or 0.46 percent, to 5,710.98 as of 9:15 a.m. Why it matters: The pullback followed overnight mixed US closes, where AI-related shares rebounded after SpaceX's quarterly results and Meta Platforms boosted its AI bet after sound earnings. Coverage: 3 outlets in 24h

South Korean shares opened lower Thursday, with the KOSPI down after the previous session's sharp gains, as investors weighed concerns over the profitability of artificial intelligence infrastructure investments.

The pullback followed overnight mixed US closes, where AI-related shares rebounded after SpaceX's quarterly results and Meta Platforms boosted its AI bet after sound earnings.