{
  "id": 19255118,
  "title": "Seoul shares open sharply higher on US tech rally, falling oil prices",
  "url": "https://urgent.news/2026/11/10/seoul-shares-open-sharply-higher-on-us-tech-rally-falling-oil-prices-19255118",
  "topic": "world",
  "section": "World",
  "published": "2026-11-10T00:57:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20261110/seoul-shares-open-sharply-higher-on-us-tech-rally-falling-oil-prices"
  },
  "original_language": "en",
  "account": "Korean stocks opened sharply higher on Tuesday, buoyed by a rally on U.S. stock markets driven by optimism surrounding potential diplomatic negotiations to conclude the U.S.-Iran conflict. This optimism resulted in a decline in oil prices, contributing to a sense of stability as investors grappled with inflation concerns.\n\nThe Korea Composite Stock Price Index (KOSPI) surged 275.50 points, or 5.49 percent, to reach 5,294.35 by 9:15 a.m. In response to the sharp increase, the Korea Exchange activated a buy-side sidecar for the main bourse at 9:06 a.m., temporarily halting program trading for KOSPI-listed shares for a span of five minutes.\n\nThe surge in U.S. stocks was attributed to a reduction in uncertainty in the Middle East following President Donald Trump's statement that he was not prepared to resume military operations. Meanwhile, a drop in oil prices helped alleviate inflation fears, further bolstering investor confidence.\n\nWithin the U.S., the Dow Jones Industrial Average rose by 2.15 percent, while the S&P 500 gained 2.35 percent. The tech-heavy Nasdaq Composite also experienced a positive shift, climbing 2.74 percent. However, Nvidia shares experienced a significant drop of 4.2 percent. The PHLX semiconductor index saw a notable increase of 6.85 percent.\n\nMajor Korean shares also witnessed substantial gains across the board. Samsung Electronics, the market bellwether, surged 5.85 percent, and the semiconductor sector showed strong performance.",
  "summary": "Korean stocks started sharply higher Tuesday following overnight Wall Street gains driven by hopes for diplomatic talks aimed at ending the U.S.-Iran war, which led to a drop in oil prices amid a scandal swirling around Nvidia CEO Jensen Huang. The benchmark Korea Composite Stock Price Index (KOSPI) gained 275.50 points, or 5.49 percent, to 5,294.35 as of 9:15 a.m. With the sharp rise, the Korea…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Seoul shares open sharply higher on U.S. tech rally, falling oil prices",
        "url": "https://urgent.news/2026/11/10/urgent-seoul-shares-open-sharply-higher-on-u-s-tech-rally-falling-oil",
        "published": "2026-11-10T00:01:17.000Z"
      }
    ]
  },
  "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."
}