Kospi rebounds as Meta earnings loom

Stocks surged more than 2 percent at the open as investors awaited Meta's results and assessed AI infrastructure profitability concerns.

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A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Oct. 21.

Stocks opened sharply higher Wednesday ahead of Meta Platforms' earnings results, as investors weighed concerns over profitability from AI infrastructure.

The benchmark Kospi rose 113.60 points, or 2.05 percent, to 5,666.34 at the opening bell, rebounding from a nearly 4 percent dip the previous session.

Overnight, U.S. stocks closed mixed, with the Dow Jones Industrial Average rising 1.02 percent, while the tech-heavy Nasdaq Composite slipped 0.02 percent.

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