Business · Markets · 1 hr ago

South Korea’s Kospi falls 6.5% as AI profit concerns return

South Korea’s Kospi falls 6.5% as AI profit concerns return

Asian technology shares fell as concerns about whether artificial intelligence will generate enough profit returned.

South Korea’s Kospi dropped 6.5%, according to the market update.

The concerns focus on AI’s profitability, which is again weighing on technology stocks in Asia.

Meanwhile, earnings season is gathering pace, with several major banks and companies set to report results.

BlackRock, Domino’s Pizza and Johnson & Johnson are among the companies due to open their books.

Investors will be watching those results as market attention turns to company performance.

Sources

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