{
  "id": 12751346,
  "title": "Seoul shares turn lower after opening up amid inflation worries",
  "url": "https://urgent.news/2026/10/08/seoul-shares-turn-lower-after-opening-up-amid-inflation-worries",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T01:07:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20261008/seoul-shares-turn-lower-after-opening-up-amid-inflation-worries"
  },
  "original_language": "en",
  "account": "Seoul shares declined on Thursday as investors grew concerned about inflation, driven by soaring oil prices. The Korea Composite Stock Price Index (KOSPI), a key market benchmark, slipped 53.32 points, or 0.78%, to 6,750.58 by 9:15 a.m. The U.S. Dow Jones Industrial Average slipped 0.66%, while the tech-focused Nasdaq Composite dropped 0.22%.\n\nInvestors' continued wariness stems from the fact that higher oil prices are exacerbating inflationary pressures. The U.S. Federal Reserve has hinted at potential rate hikes this year to curb inflation. In Seoul, large-cap stocks were relatively stable, with Samsung Electronics down 0.19% and Hyundai Motor declining 2.53%. However, defense firm Hanwha Aerospace declined 3.5%, and shipping company HMM slipped 2.34%. Notably, chipmaker SK hynix rose 0.75%, and battery manufacturer Samsung SDI climbed 3.2%.\n\nThe Korean won strengthened slightly against the U.S. dollar, closing at 1,337.80 won, up 1.2 won from the previous trading session.",
  "summary": "Seoul shares turned lower after opening up Thursday, largely due to inflation worries stoked by elevated oil prices. After opening 0.07 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) lost ground, trading down 53.32 points, or 0.78 percent, to 6,750.58 as of 9:15 a.m. Overnight, the Dow Jones Industrial Average fell 0.66 percent, while the tech-heavy Nasdaq Composite…",
  "key_points": [
    "Seoul shares fell 0.78% as investors worried about inflation",
    "Higher oil prices exacerbate inflationary pressures",
    "Korean won strengthened 1.2 won against US dollar"
  ],
  "editors_take": "Growing inflation worries, fueled by soaring oil prices, are heightening investor wariness, putting downward pressure on Seoul shares and prompting a cautious market stance.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Seoul shares turn lower after opening up amid inflation worries",
        "url": "https://urgent.news/2026/10/08/seoul-shares-turn-lower-after-opening-up-amid-inflation-worries-12754850",
        "published": "2026-10-08T01:32:03.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "Seoul shares extend losses late Thurs. morning amid inflation worries",
        "url": "https://urgent.news/2026/10/08/seoul-shares-extend-losses-late-thurs-morning-amid-inflation-worries",
        "published": "2026-10-08T02:37:08.000Z"
      }
    ]
  },
  "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."
}