{
  "id": 12819643,
  "title": "Seoul shares down for 3rd day amid inflation worries",
  "url": "https://urgent.news/2026/10/08/seoul-shares-down-for-3rd-day-amid-inflation-worries-12819643",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T08:07:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20261008/seoul-shares-down-for-3rd-day-amid-inflation-worries"
  },
  "original_language": "en",
  "account": "South Korean stocks continued their downward trend on Thursday, marking their third consecutive day of declines. This downturn was primarily driven by concerns over rising oil prices, which have fueled inflation worries. The Korean won strengthened against the U.S. dollar during the session. Initially opening up 0.07 percent, the benchmark Korea Composite Stock Price Index (KOSPI) ultimately fell by 177.97 points, or 2.62 percent, to reach 6,625.93.\n\nThis decline follows the Dow Jones Industrial Average's drop of 0.66 percent overnight and the tech-focused Nasdaq Composite's 0.22 percent decrease. Institutional investors and foreigners collectively sold a large portion of their holdings, netting a loss of 1.67 trillion won ($1.24 billion) and 1.99 trillion won in stock sales, respectively. Meanwhile, individual investors managed to buy a net 2.9 billion won worth of stocks.\n\nThe market's apprehension was heightened by the prospect of the U.S. Federal Reserve potentially raising interest rates this year to combat inflation. Within the South Korean market, technology stocks bore the brunt of the decline. Industry giants Samsung Electronics and its chipmaking rival SK hynix both saw their shares drop by 2.42 percent and 2.44 percent, respectively, settling at 262,000 won and 1.68 million won. Defense firm Hanwha Aerospace also suffered, with its share price plummeting 8.33 percent to 891,000 won.",
  "summary": "Seoul shares closed lower Thursday to extend their losses for a third consecutive session, as elevated oil prices stoked inflation worries. The Korean won rose against the U.S. dollar. After opening 0.07 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) turned lower to close down 177.97 points, or 2.62 percent, at 6,625.93. This comes as the Dow Jones Industrial Average fell…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Seoul stocks down for 3rd day amid inflation worries",
        "url": "https://urgent.news/2026/10/08/urgent-seoul-stocks-down-for-3rd-day-amid-inflation-worries",
        "published": "2026-10-08T06:34:25.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Seoul shares down for 3rd day amid inflation worries",
        "url": "https://urgent.news/2026/10/08/seoul-shares-down-for-3rd-day-amid-inflation-worries",
        "published": "2026-10-08T07:32:03.000Z"
      }
    ]
  },
  "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."
}