Seoul shares open higher despite US chip sell-offs

South Korean stocks opened higher Wednesday despite massive sell-offs in US semiconductor shares.

After opening 1.86 percent higher, the benchmark Korea Composite Stock Price Index further added 267.56 points, or 3.26 percent, to 8,471.4 as of 9:15 a.m.

Overnight, Wall Street closed lower as sharp declines in memory chip and semiconductor stocks weighed on investor sentiment amid broader concerns about the artificial intelligence sector.

The Dow Jones Industrial Average slipped 0.09 percent.

The ...