{"slug": "seoul-shares-again-dip-over-1-after-2-day-deep-rout-amid-ai-spending-concerns", "title": "Seoul shares again dip over 1% after 2-day deep rout amid AI spending concerns", "summary": "Seoul shares fell by more than 1 percent Thursday as retail investors heavily sold tech stocks amid concerns over artificial intelligence spending and uncertainty about the Federal Reserve's interest rate outlook. The benchmark KOSPI lost 69.68 points, or 1.23 percent, to close at 5,593.56, with tech stocks like Samsung Electronics and SK hynix leading the decline.", "body_md": "Seoul shares fell by more than 1 percent Thursday as retail investors heavily sold tech stocks following deep declines over the previous two sessions amid concerns over artificial intelligence spending and uncertainty about the Federal Reserve's interest rate outlook.\n\nThe Korean won strengthened against the US dollar.\n\nAfter volatile trading, the benchmark Korea Composite Stock Price Index lost 69.68 points, or 1.23 percent, to close at 5,593.56 after plunging to an intraday low of 5,547.41.\n\nThe index also rose as high as 5,976.82 at one point.\n\nAfter opening 0.33 percent higher, the KOSPI reversed course to end in negative territory.\n\nThe broad-based sell-off came amid uncertainty over the Fed's future policy path and renewed concerns over whether heavy AI-related investment by major technology companies will generate sufficient returns to justify their elevated valuations, analysts said.\n\nThe Fed on Wednesday left its benchmark interest rate unchanged at 3.5-3.75 percent, marking its fifth consecutive meeting without a rate change.\n\nThe US central bank offered little guidance on the future path of interest rates, leaving investors uncertain about the timing of any policy easing.\n\nTrade volume was moderate at 375.17 million shares worth 37.6 trillion won ($26.2 billion), with gainers outnumbering losers 606 to 277.\n\nInstitutions and foreigners offloaded a net 66.3 billion won and 1.34 trillion won worth of stocks, respectively. Individuals sold a net 1.43 trillion won.\n\nTech stocks led the decline.\n\nMarket bellwether Samsung Electronics fell 0.72 percent to 207,000 won, and SK hynix plunged 5.64 percent to 1.32 million won.\n\nTop carmaker Hyundai Motor declined 0.71 percent to 351,000 won, and national flag carrier Korean Air sank 0.6 percent to 24,650 won.\n\nInternet giant Naver slid 4.05 percent to 201,500 won, and energy firm Doosan Enerbility dipped 0.99 percent to 60,200 won.\n\nAmong gainers, HD Korea Shipbuilding & Offshore Engineering rose 10 percent to 368,500 won, and defense giant Hanwha Aerospace jumped 6.79 percent to 865,000 won.\n\nHD KSOE said Thursday it has signed a memorandum of understanding with US-based Fraser Industries LLC to help revitalize the US shipbuilding industry under Seoul's \"Make American Shipbuilding Great Again\" initiative.\n\nThe Korean won was quoted at 1,437.4 won against the US dollar as of 3:30 p.m., compared with 1,446.7 won a day earlier. (Yonhap)", "url": "https://wpnews.pro/news/seoul-shares-again-dip-over-1-after-2-day-deep-rout-amid-ai-spending-concerns", "canonical_source": "https://www.koreaherald.com/article/10826038", "published_at": "2026-07-30 07:08:19+00:00", "updated_at": "2026-07-30 07:25:48.250213+00:00", "lang": "en", "topics": ["artificial-intelligence"], "entities": ["Samsung Electronics", "SK hynix", "Hyundai Motor", "Korean Air", "Naver", "Doosan Enerbility", "HD Korea Shipbuilding & Offshore Engineering", "Hanwha Aerospace"], "alternates": {"html": "https://wpnews.pro/news/seoul-shares-again-dip-over-1-after-2-day-deep-rout-amid-ai-spending-concerns", "markdown": "https://wpnews.pro/news/seoul-shares-again-dip-over-1-after-2-day-deep-rout-amid-ai-spending-concerns.md", "text": "https://wpnews.pro/news/seoul-shares-again-dip-over-1-after-2-day-deep-rout-amid-ai-spending-concerns.txt", "jsonld": "https://wpnews.pro/news/seoul-shares-again-dip-over-1-after-2-day-deep-rout-amid-ai-spending-concerns.jsonld"}}