Seoul shares open sharply higher ahead of Meta earnings amid AI woes

What happened: Seoul shares opened sharply higher on Wednesday ahead of Meta Platforms' earnings results, as investors weighed concerns over profitability from AI infrastructure. Key numbers: KOSPI rose 113.60 points, or 2.05 percent, to 5,666.34 at the open, rebounding from a nearly 4 percent dip the previous session. The Dow rose 1.02 percent and the Nasdaq slipped 0.02 percent overnight. Why it matters: Strong earnings from some technology companies helped revive investor interest in tech stocks, and investors are now focused on Meta and other tech earnings due this week. Coverage: 4 outlets in 24h

Seoul shares opened sharply higher on Wednesday ahead of Meta Platforms' earnings results, as investors weighed concerns over profitability from AI infrastructure.

Strong earnings from some technology companies helped revive investor interest in tech stocks, and investors are now focused on Meta and other tech earnings due this week.