Seoul shares open higher on bargain hunting amid AI spending concerns

Seoul shares opened higher Thursday, as investors attempted to buy oversold stocks despite losses on Wall Street amid concerns over artificial intelligence spending and uncertainty about the Federal Reserve's policy path.

After opening 0.33 percent higher, the benchmark Korea Composite Stock Price Index went up 19.85 points, or 0.35 percent to 5,683.09 as of 9:15 a.m.

On Wednesday, the index plunged 5.98 percent to close at 5,663.24, following a 10.84 percent decline the previous session.

Overni ...