The benchmark Korea Composite Stock Price Index (KOSPI) is displayed on a screen at a dealing room of Hana Bank in Seoul, Wednesday. Yonhap
Seoul stocks opened lower Wednesday, partly driven by investors pulling out of artificial intelligence (AI)-related stocks in the U.S. market.
The benchmark Korea Composite Stock Price Index (KOSPI) opened 104.47 points, or 1.2 percent lower, at 8,622.13.
The index followed declines on Wall Street overnight, where a tech sell-off knocked down the S&P500 by some 0.5 percent and the Nasdaq by 1.15 percent.
Investors were also cautious ahead of the Federal Reserve's policy update due Wednesday (U.S. time) afternoon, with some concerned that the new Fed chair could signal a more hawkish tone in this first meeting.
