{
  "id": 16985234,
  "title": "Seoul stocks open tad higher as Fed holds rates ahead of Samsung earnings report",
  "url": "https://urgent.news/2026/10/29/seoul-stocks-open-tad-higher-as-fed-holds-rates-ahead-of-samsung-16985234",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T00:05:00.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20261029001600320"
  },
  "original_language": "en",
  "account": "South Korean markets began the day marginally higher on Thursday, propelled by the Federal Reserve's decision to maintain interest rates and optimism surrounding Samsung Electronics' anticipated strong Q3 earnings driven by surging demand for memory chips in artificial intelligence applications. The Korea Composite Stock Price Index (KOSPI) climbed 4.78 points, or 0.08%, to 6,017.22 upon the opening bell, continuing its surge following a more than 6% increase the previous day. The previous night, U.S. markets rallied following the Federal Open Market Committee's unanimous decision to keep the benchmark interest rate unchanged at 3.75-4%. The Dow Jones Industrial Average climbed 0.19%, the S&P 500 increased 0.28%, and the tech-focused Nasdaq surged 0.27%. In guidance disclosed earlier this month, Samsung Electronics projected third-quarter sales of 195 trillion won (approximately $145 billion) and operating profit of 107.4 trillion won, propelled by strong demand for memory chips integral to AI technologies.",
  "summary": "SEOUL, Oct. 29 (Yonhap) -- South Korean stocks opened slightly higher Thursday, ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Economic Times",
        "title": "US Fed holds rates steady as inflation fears persist",
        "url": "https://urgent.news/2026/10/28/us-fed-holds-rates-steady-as-inflation-fears-persist",
        "published": "2026-10-28T18:01:23.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Seoul stocks open tad higher as Fed holds rates ahead of Samsung earnings report",
        "url": "https://urgent.news/2026/10/29/seoul-stocks-open-tad-higher-as-fed-holds-rates-ahead-of-samsung",
        "published": "2026-10-29T00:37:03.000Z"
      },
      {
        "outlet": "WSJ Economy",
        "title": "Fed Chairman Kevin Warsh said higher rates are reaching the investment surge and that growth is broadening beyond it. The positions cut in opposite directions for where to set rates.",
        "url": "https://urgent.news/2026/10/29/fed-chairman-kevin-warsh-said-higher-rates-are-reaching-the",
        "published": "2026-10-29T01:12:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Earnings call transcript: Samsung Electronics posts record Q3 2026 profit",
        "url": "https://urgent.news/2026/10/29/earnings-call-transcript-samsung-electronics-posts-record-q3-2026",
        "published": "2026-10-29T02:21:13.000Z"
      }
    ]
  },
  "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."
}