(LEAD) 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 AI infrastructure profitability. The KOSPI rebounded from a nearly 4 percent dip the previous session. Key numbers: KOSPI up 158.88 points, or 2.86 percent, to 5,711.62 as of 9:15 a.m. after opening 2.05 percent higher. Why it matters: Tech stocks led the Seoul gains, and strong earnings from some technology companies helped revive investor interest in tech shares. Investors are now turning attention to Meta and other technology earnings due this week. Coverage: 3 outlets in 24h

Seoul shares opened sharply higher on Wednesday ahead of Meta Platforms' earnings results, as investors weighed concerns over AI infrastructure profitability. The KOSPI rebounded from a nearly 4 percent dip the previous session.

Tech stocks led the Seoul gains, and strong earnings from some technology companies helped revive investor interest in tech shares. Investors are now turning attention to Meta and other technology earnings due this week.