Seoul stocks open lower as disappointing tech earnings trigger AI spending woes

Seoul stocks opened lower Monday weighed down by declines in US tech shares amid concerns over massive investments in artificial intelligence . The benchmark Korea Composite Stock Price Index was down 51 points, or 0.89 percent, to 5,679.74 as of 9:15 a.m. Major stock indexes on Wall Street closed lower Friday (US time), following disappointing quarterly earnings from Intel and Amazon, which amplified growing concerns over the sustainability of AI spending. The S&P500 fell 1.82 percent, and the