{
  "id": 16821130,
  "title": "Seoul stocks open sharply higher on revived AI optimism, SK hynix earnings",
  "url": "https://urgent.news/2026/10/28/seoul-stocks-open-sharply-higher-on-revived-ai-optimism-sk-hynix-16821130",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-28T00:32:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20261028/seoul-stocks-open-sharply-higher-on-revived-ai-optimism-sk-hynix-earnings"
  },
  "original_language": "en",
  "account": "Korean stocks surged higher on Wednesday, mirroring overnight gains on Wall Street, as robust AI-driven semiconductor earnings bolstered investor confidence before the Federal Reserve's interest rate announcement. The KOSPI index climbed 183.73 points, or 3.26%, to reach 5,822.07 by 9:15 a.m., building on its earlier surge of over 3% the previous day. U.S. stocks had also extended their upward momentum overnight, buoyed by a rally in AI-related technology shares. The tech-focused Nasdaq Composite index increased by 1.18%, while the Philadelphia Semiconductor Index surged 3.6%.\n\nPrior to the market open, SK hynix, the world's second-largest memory chip manufacturer, reported an astonishing 631% surge in its third-quarter operating profit, reaching 83.33 trillion won ($62.78 billion). Sales skyrocketed 327.9% to 104.61 trillion won, driven by robust demand for AI memory chips. The company also announced an additional 60 trillion won in shareholder returns. However, investors remained cautious, keeping a close eye on the Federal Reserve's upcoming interest rate decision.",
  "summary": "Korean stocks opened sharply higher Wednesday, tracking overnight gains on Wall Street, as strong artificial intelligence (AI)-driven semiconductor earnings lifted investor sentiment ahead of the Federal Reserve's interest rate decision. The benchmark Korea Composite Stock Price Index (KOSPI) rose 183.73 points, or 3.26 percent, to 5,822.07 as of 9:15 a.m., extending its rally after surging more…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Seoul stocks open sharply higher on revived AI optimism, SK hynix earnings",
        "url": "https://urgent.news/2026/10/28/urgent-seoul-stocks-open-sharply-higher-on-revived-ai-optimism-sk",
        "published": "2026-10-28T00:01:17.000Z"
      }
    ]
  },
  "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."
}