{
  "id": 12768541,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T02:37:08.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20261008003000320"
  },
  "original_language": "en",
  "account": "Seoul shares continued their decline on Thursday morning, echoing Wall Street's drop, amid worries over rising inflation. The Korea Composite Stock Price Index (KOSPI) fell by 54.22 points, or 0.8 percent, to 6,749.68 by 11:20 a.m. following its opening gain of 0.07 percent. The Dow Jones Industrial Average dropped 0.66 percent overnight, while the tech-focused Nasdaq Composite declined 0.22 percent. Foreign investors sold stocks worth 666.37 billion won, while individuals bought 834.66 billion won worth of shares, but overall investor sentiment was cautious. Inflationary pressures from higher oil prices and the possibility of the U.S. Federal Reserve raising interest rates this year to combat inflation led to cautious investor behavior. Leading the declines was Samsung Electronics with a 0.56 percent drop and Hyundai Motor with 3.05 percent decline. Hanwha Aerospace and shipping company HMM also saw significant decreases of 5.86 percent and 2.57 percent respectively. However, chip manufacturer SK hynix and battery producer Samsung SDI managed to gain, rising by 1.33 percent and 3.74 percent respectively. At 11:20 a.m., the Korean won was trading at 1,337.35 per U.S. dollar, up 1.65 won from the previous trading session's close.",
  "summary": "SEOUL, Oct. 8 (Yonhap) -- Seoul shares extended losses late Thursday morning, tr...",
  "key_points": [
    "Seoul shares fell 0.8% to 6,749.68, mirroring Wall Street's decline",
    "Inflation concerns from higher oil prices and potential Fed rate hikes",
    "Samsung Electronics and Hyundai Motor led declines; SK hynix and Samsung SDI gained"
  ],
  "editors_take": "The decline in Seoul shares, mirroring Wall Street's drop, reflects growing investor caution driven by inflation worries and potential US interest rate hikes, hurting major players like Samsung Electronics and Hyundai Motor.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "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",
        "published": "2026-10-08T01:07:03.000Z"
      }
    ]
  },
  "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."
}