Kospi opens lower on renewed AI woes following OpenAI performance report
Published: 29 Apr. 2026, 09:34
![A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on April 29. [NEWS1]](https://koreajoongangdaily.joins.com/data/photo/2026/04/29/ee6269a1-a6ef-4d74-bdd1-dc7ce2feb245.jpg)
A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on April 29. [NEWS1]
Seoul stocks opened lower Wednesday as a report on OpenAI's poorer-than-expected performance renewed concerns over the AI sector.
The benchmark Kospi opened down 22.02 points, or 0.33 percent lower at 6,619.00.
Overnight, major stock indexes on Wall Street lost ground as concerns over the AI sector reemerged following a report warning that ChatGPT maker OpenAI was falling short of revenue and user targets.
The Wall Street Journal said in a report published Tuesday that some executives at OpenAI are worried that the company "might not be able to pay for future computing contracts if revenue doesn't grow fast enough," citing insiders familiar with the matter.
Yonhap
with the Korea JoongAng Daily
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