In brief
South Korean market opens lower, with KOSPI down 1.6% at 5,760.35 and KOSDAQ down 2.1% at 737.76. The decline follows U.S. stock losses and heightened worries over emerging AI technologies. Korean investors weigh AI risk as careful stance grips the market.
South Korean stocks opened lower on Oct. 29, 2026, as the KOSPI fell 1.6% to 5,760.35 and the KOSDAQ slid 2.1% to 737.76, reflecting losses in U.S. markets and growing concerns about the impact of emerging artificial‑intelligence technologies.
The KOSPI opened down 177.31 points, the earliest trading session of the day, while the KOSDAQ lost 15.47 points, according to Yonhap news.
In a broader context, a May 2026 report by Sedaily noted that Korean financial firms were hacked about once a week in October, with a North Korean IP confirmed for the first time, underscoring heightened security concerns in the region. Yonhap’s correspondent Kim Eun‑jung noted the market’s caution amid AI‑related volatility on Wall Street.
