-- South Korean shares opened lower on Wednesday, tracking Wall Street, as concerns over the AI sector re-emerged after OpenAI's missed internal revenue and user targets.
The benchmark Korea Composite Stock Price Index, or Kospi, fell by 22.02 points, to open at 6,619. The Kosdaq marginally gained to open at 1,213.28.
OpenAi's growth potential stumbled as its chief financial officer raised concerns that the company may not be able to pay future contracts if revenue fails to increase fast enough, according to a Wall Street Journal report.
The report has sent other AI stocks and tech companies' equities plummeting.
Meanwhile, Israel launched fresh attacks on southern Lebanon on Tuesday despite a ceasefire, adding to the oil shock brought by the UAE's departure from the OPEC.