{
  "id": 10396702,
  "title": "KOSPI falls below 7,000 as chip heavyweights slide after Chuseok",
  "url": "https://urgent.news/2026/09/28/kospi-falls-below-7-000-as-chip-heavyweights-slide-after-chuseok-10396702",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T08:07:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/others/20260928/kospi-falls-below-7000-as-chip-heavyweights-slide-after-chuseok"
  },
  "original_language": "en",
  "account": "The KOSPI index fell below 7,000 on Monday, marking a 3% decline as Samsung Electronics and SK hynix led market losses after the Chuseok holiday. Opening at 7,057.86, the index dropped 23.06 points, or 0.33%, from the previous close. It continued to slide throughout the session, closing at 6,889.74, a 2.70% decrease from the prior session. Samsung Electronics' stock plummeted 5.43%, while SK hynix followed suit with a 5.05% decline. SK hynix's shares may have faced extra pressure due to a reported potential U.S. initial public offering (IPO) for its NAND flash and solid-state drive subsidiary, Solidigm. The possibility of an IPO has raised concerns regarding the dilution of existing shareholders' economic interests. Analyst Kim Ki-baek of Shinhan Securities noted that the KOSPI fell back below 7,000 as major chip stocks weakened due to a sharp increase in long-term U.S. Treasury yields. The sentiment toward the artificial intelligence (AI) supply chain, particularly memory chips, was also impacted.",
  "summary": "The KOSPI dropped nearly 3 percent Monday, falling below 7,000 as Samsung Electronics and SK hynix led losses in the first trading session after the Chuseok holiday. The index opened at 7,057.86, down 23.06 points, or 0.33 percent, from its previous close Wednesday. It extended its losses through the session to finish at 6,889.74, down 191.18 points, or 2.70 percent. Samsung Electronics slid 5.43…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "KOSPI falls below 7,000 as chip heavyweights slide after Chuseok",
        "url": "https://urgent.news/2026/09/28/kospi-falls-below-7-000-as-chip-heavyweights-slide-after-chuseok",
        "published": "2026-09-28T07:42:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}