{
  "id": 197170,
  "title": "(LEAD) Seoul shares start sharply lower on tech losses amid Hormuz hopes",
  "url": "https://urgent.news/2026/08/06/lead-seoul-shares-start-sharply-lower-on-tech-losses-amid-hormuz-hopes",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-06T00:21:08.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260806001251320"
  },
  "original_language": "en",
  "account": "SEOUL, Aug. 6 (Yonhap) -- South Korean stocks plunged early Thursday, plummeting 1.61 percent as tech sector losses on Wall Street overshadowed progress on the Strait of Hormuz. The Korea Composite Stock Price Index (KOSPI) dropped 105.95 points, or 1.61 percent, to 6,492.31 at 9:15 a.m. despite the Dow Jones Industrial Average gaining 0.49 percent. The tech-heavy Nasdaq Composite fell 0.83 percent, dragged down by major technology firms such as Alphabet and Advanced Micro Devices.\n\nThe news of an agreement between Iran and Oman on a route for ships through the Strait of Hormuz loomed large, with Tehran asserting control over the vital waterway. Samsung Electronics and its chipmaker SK hynix suffered the most significant declines, falling 1.52 percent and 5.22 percent, respectively. Internet companies Naver and Kakao also dipped 1.31 percent and 1.05 percent. However, Hyundai Motor and HD Hyundai Heavy Industries bucked the trend, with the carmaker up 0.49 percent and the shipbuilder rising 1.38 percent.\n\nThe Korean won strengthened against the U.S. dollar, trading at 1,424 won per dollar by 9:15 a.m., up 0.9 won from the previous day's close.",
  "summary": "SEOUL, Aug. 6 (Yonhap) -- South Korean stocks opened sharply lower Thursday, dri...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Seoul shares start sharply lower on tech losses amid Hormuz hopes",
        "url": "https://urgent.news/2026/08/06/urgent-seoul-shares-start-sharply-lower-on-tech-losses-amid-hormuz",
        "published": "2026-08-06T00:02:02.000Z"
      }
    ]
  },
  "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."
}