{
  "id": 108117,
  "title": "(LEAD) Seoul shares open higher on U.S. gains, bargain hunting",
  "url": "https://urgent.news/2026/08/04/lead-seoul-shares-open-higher-on-u-s-gains-bargain-hunting",
  "topic": "world",
  "section": "World",
  "published": "2026-08-04T00:28:57.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260804001651320"
  },
  "original_language": "en",
  "account": "SEOUL, Aug. 4 (Yonhap) -- The Seoul stock market commenced with a bullish trend on Tuesday, mirroring the overnight surge on Wall Street as traders assessed the rebound coupled with lingering concerns regarding the Middle East and the AI-driven rally. The benchmark Korea Composite Stock Price Index (KOSPI) experienced a 48-point increase, or 0.77 percent, reaching 6,305.45 at 9:15 a.m., following a 1.5 percent rise. On Monday, the index plummeted over 5 percent after surging by more than 18 percent on Friday. Overnight, U.S. equities surged, primarily propelled by Amazon.com Inc.'s 4.5 percent gain following robust earnings, lifting AI-oriented companies. The Dow Jones Industrial Average climbed 1.32 percent to 53,178.41, while the tech-intensive Nasdaq composite expanded 2.13 percent to 25,913.90. Additionally, declining oil prices bolstered the overall positive market sentiment observed on Monday. Notably, HD Korea Shipbuilding & Offshore Engineering surged by 2.17 percent, while LIG Defense & Aerospace rose 4.86 percent. SK hynix, a prominent chip manufacturer, saw a 0.7 percent rise, shipping firm HMM increased by 4.43 percent, and POSCO Holdings, a steel producer, gained 0.82 percent. Conversely, Samsung Electronics, a market-leading electronics company, slipped by 0.2 percent, Hyundai Motor, a top automobile manufacturer, declined by 1.91 percent, and cosmetics firm Amorepacific dropped 0.54 percent. As of 9:15 a.m., the Korean won was valued at 1,431.65 against the U.S. dollar, a 2.15 won decrease from the previous day's closing rate.",
  "summary": "SEOUL, Aug. 4 (Yonhap) -- Seoul shares opened higher Tuesday, tracking overnight...",
  "key_points": [
    "Seoul shares open higher on U.S. gains",
    "KOSPI rises 0.77% to 6,305.45",
    "AI-driven rally and declining oil prices boost market sentiment"
  ],
  "editors_take": "Tuesday's gains in Seoul reflect investors seeking bargains after recent losses, while also drawing confidence from a strong US market performance driven by tech and earnings reports.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Seoul shares open higher on U.S. gains, bargain hunting",
        "url": "https://urgent.news/2026/08/04/urgent-seoul-shares-open-higher-on-u-s-gains-bargain-hunting",
        "published": "2026-08-04T00:02:00.000Z"
      }
    ]
  },
  "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."
}