Seoul stocks open sharply lower on renewed AI valuation concerns

South Korean stocks opened sharply lower Thursday as artificial intelligence valuation concerns reemerged. The benchmark Korea Composite Stock Price Index lost 53.8 points, or 1.33 percent, to 4,002.6 in the first 15 minutes of trading. Overnight, major U.S. stock indexes lost ground on renewed AI bubble fears, following reports that a primary investor of Oracle pulled out from the company's data center project. The S&P 500 closed 1.2 percent lower, the Dow Jones Industrial Average slipped 0.47