{
  "id": 17730237,
  "title": "Seoul stocks turn up late Monday morning on bargain hunting",
  "url": "https://urgent.news/2026/11/02/seoul-stocks-turn-up-late-monday-morning-on-bargain-hunting",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T02:42:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20261102/seoul-stocks-turn-up-late-monday-morning-on-bargain-hunting"
  },
  "original_language": "en",
  "account": "Seoul's stock market turned around late Monday, climbing higher as bargain hunters flocked to tech giants. The benchmark Korea Composite Stock Price Index (KOSPI) surged 93.16 points, or 1.63 percent, to 5,823.9 by 11:20 a.m., reversing its 1 percent drop from the previous session. This rebound came as investors sought out cheaper stocks, particularly in the tech sector, following a 3 percent decline on Friday due to ongoing concerns about the profitability of AI investments. Earlier in the week, the U.S. tech-heavy S&P 500 and Nasdaq Composite both fell more than 1 percent, as big tech companies reported weaker-than-expected quarterly results and raised questions about the sustainability of AI investments.\n\nIntel, a leading chip manufacturer, was the primary driver of the initial market slide, plummeting over 28 percent. Google's parent company, Alphabet, also saw a 1.4 percent drop. However, despite these AI-related challenges, Korea's semiconductor exports continued to perform strongly. October data from the trade ministry revealed a staggering 259 percent increase in outbound shipments compared to the same period last year. Samsung Electronics and SK hynix, two major chip giants, both managed to post modest gains, rising by 0.89 percent and 2.47 percent, respectively.\n\nThe rally in AI investment firm SK Square added to the positive sentiment, with its shares jumping 2.79 percent. Meanwhile, bio firm Celltri also contributed to the market's recovery, although specific details of its performance were not provided in the source. Despite the recent setbacks in the tech sector, the overall resilience of Korea's semiconductor exports demonstrated the strength and adaptability of the country's manufacturing sector.",
  "summary": "Seoul stocks reversed course to trade higher late Monday morning as investors went bargain hunting for tech heavyweights. After opening over 1 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) was up 93.16 points, or 1.63 percent, to 5,823.9 as of 11:20 a.m. On Friday, the index dipped over 3 percent amid persistent woes over the profitability of artificial intelligence (AI)…",
  "key_points": [
    "Seoul stocks rose 1.63% to 5,823.9, reversing 1% drop",
    "Tech giants attract bargain hunters, KOSPI rebounds",
    "Intel and Alphabet fall, but semiconductor exports surge 259%"
  ],
  "editors_take": "Investor appetite for discounted technology stocks signals a belief that strong semiconductor export growth can offset global anxieties regarding the long-term profitability of artificial intelligence investments.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Seoul stocks turn up late Mon. morning on bargain hunting",
        "url": "https://urgent.news/2026/11/02/seoul-stocks-turn-up-late-mon-morning-on-bargain-hunting",
        "published": "2026-11-02T02:30:49.000Z"
      }
    ]
  },
  "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."
}