{
  "id": 14898855,
  "title": "(LEAD) Seoul stocks rebound over 2 pct on eased chip rout, Fed bets",
  "url": "https://urgent.news/2026/10/16/lead-seoul-stocks-rebound-over-2-pct-on-eased-chip-rout-fed-bets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T07:16:20.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20261016006451320"
  },
  "original_language": "en",
  "account": "Seoul stocks surged over 2 percent on Friday, ending a seven-day losing streak, as foreign investors snapped up stocks and expectations grew for Federal Reserve rate hikes. The Korea Composite Stock Price Index (KOSPI) finished the day 2.05 percent higher at 5,668.05 points.\n\nChipmakers suffered the most significant losses, with their shares falling more than 10 percent the previous day, prompting bargain hunters to target large-cap tech shares.\n\nFed Chair Kevin Warsh expressed optimism about the U.S. economy, boosting investor confidence in riskier assets. His comments about artificial intelligence (AI) being a \"probably the most consequential change to the U.S. and the global economy in my lifetime\" also lifted sentiment.\n\nNvidia chief Jensen Huang's remarks about CoreWeave's improving financial health added to the positive outlook. CoreWeave's shares dropped over 15 percent on Thursday due to rising bond yields, but investors seemed more confident after the CEO's reassurance.\n\nMarket leaders such as Samsung Electronics, SK hynix, Hyundai Motor, Hanwha Aerospace, and Celltrion all closed higher. The Korean won strengthened against the U.S. dollar, trading at 1,331.4 won per dollar.",
  "summary": "SEOUL, Oct. 16 (Yonhap) -- Seoul stocks rebounded by more than 2 percent Friday ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Seoul stocks rebound over 2 pct on eased chip rout, Fed bets",
        "url": "https://urgent.news/2026/10/16/urgent-seoul-stocks-rebound-over-2-pct-on-eased-chip-rout-fed-bets",
        "published": "2026-10-16T06:33:15.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Stocks, futures rise as Fed bets ease after Warsh: Markets wrap",
        "url": "https://urgent.news/2026/10/16/stocks-futures-rise-as-fed-bets-ease-after-warsh-markets-wrap",
        "published": "2026-10-16T07:00:00.000Z"
      }
    ]
  },
  "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."
}