{
  "id": 3628306,
  "title": "Seoul stocks open sharply higher on robust earnings from Nvidia",
  "url": "https://urgent.news/2026/08/27/seoul-stocks-open-sharply-higher-on-robust-earnings-from-nvidia-3628306",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T01:02:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20260827/seoul-stocks-open-sharply-higher-on-robust-earnings-from-nvidia"
  },
  "original_language": "en",
  "account": "Seoul's stock market soared on Thursday as Nvidia's earnings surpassed estimates, providing a boost amid concerns about a slowdown in semiconductor demand. The Korea Composite Stock Price Index (KOSPI), which serves as a benchmark, climbed 159.24 points, or 2.34 percent, to reach 6,967.45.\n\nDespite Wall Street indexes closing lower overnight, with the S&P 500 and Nasdaq down 0.02 percent and 0.08 percent, respectively, Nvidia's second-quarter earnings helped alleviate fears of an artificial intelligence (AI) bubble. The company reported sales more than double from the previous year, surpassing Wall Street's predictions.\n\nNvidia's management stated that they anticipate a 70 percent increase in fiscal 2028 income, again exceeding analyst forecasts. Investors are also watching the Bank of Korea's rate decision, scheduled later in the day. On the trading floor, most major companies were trading higher, with Samsung Electronics advancing 3.06 percent and SK hynix rising 4.15 percent.\n\nBattery manufacturer LG Energy Solutions saw a 3.85 percent increase, while defense company Hanwha Aerospace gained 2.39 percent.",
  "summary": "Seoul stocks opened sharply higher Thursday as Nvidia's market estimate-beating strong earnings helped ease woes over a slowdown in demand for semiconductors. The benchmark Korea Composite Stock Price Index (KOSPI) rose 159.24 points, or 2.34 percent, to 6,967.45. Overnight, major stock indexes on Wall Street closed lower, with the S&P 500 and the tech-heavy Nasdaq inching down 0.02 percent and…",
  "key_points": [
    "Seoul stocks open sharply higher by 2.34%, reaching 6,967.45",
    "Nvidia's earnings surpass estimates, boosting market confidence",
    "Analysts forecast 70% increase in Nvidia's fiscal 2028 income"
  ],
  "editors_take": "The strong earnings from Nvidia have helped alleviate investor concerns about a semiconductor demand slowdown and an AI bubble, boosting Seoul's stock market and lifting major companies' shares.",
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "Nvidia tops earnings estimates, guides to $108 billion in revenue next quarter",
        "url": "https://urgent.news/2026/08/26/nvidia-tops-earnings-estimates-guides-to-108-billion-in-revenue-next",
        "published": "2026-08-26T20:24:31.000Z"
      },
      {
        "outlet": "Fortune",
        "title": "Nvidia doubled its quarterly revenue to $96 billion and crushes estimates—CEO Jensen Huang says demand is accelerating",
        "url": "https://urgent.news/2026/08/26/nvidia-doubled-its-quarterly-revenue-to-96-billion-and-crushes",
        "published": "2026-08-26T20:27:39.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "Nvidia reports Q2 revenue up 106% YoY to $96.2B, Data Center revenue up 117% to $89B, Edge Computing revenue up 27% to $7.2B, and net income up 126% to $59.7B (Nvidia Newsroom)",
        "url": "https://urgent.news/2026/08/26/nvidia-reports-q2-revenue-up-106-yoy-to-96-2b-data-center-revenue-up",
        "published": "2026-08-26T20:32:07.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Nvidia more than doubled its revenue. Another record quarter didn't impress Wall Street",
        "url": "https://urgent.news/2026/08/26/nvidia-more-than-doubled-its-revenue-another-record-quarter-didnt",
        "published": "2026-08-26T21:20:37.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Nvidia forecasts quarterly revenue above estimates, shares rise",
        "url": "https://urgent.news/2026/08/26/nvidia-forecasts-quarterly-revenue-above-estimates-shares-rise",
        "published": "2026-08-26T21:42:28.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Wall Street stocks end tad lower after hot inflation data ahead of Nvidia earnings",
        "url": "https://urgent.news/2026/08/26/wall-street-stocks-end-tad-lower-after-hot-inflation-data-ahead-of",
        "published": "2026-08-26T22:11:10.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Nvidia forecasts quarterly revenue above estimates, shares rise",
        "url": "https://urgent.news/2026/08/26/nvidia-forecasts-quarterly-revenue-above-estimates-shares-rise-3609755",
        "published": "2026-08-26T22:36:35.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Seoul stocks open sharply higher on robust Nvidia earnings",
        "url": "https://urgent.news/2026/08/27/urgent-seoul-stocks-open-sharply-higher-on-robust-nvidia-earnings",
        "published": "2026-08-27T00:01:40.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Seoul stocks open sharply higher on robust earnings from Nvidia",
        "url": "https://urgent.news/2026/08/27/seoul-stocks-open-sharply-higher-on-robust-earnings-from-nvidia",
        "published": "2026-08-27T00:27:02.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Nvidia's revenue and profits more than double in latest earnings report",
        "url": "https://urgent.news/2026/08/27/nvidias-revenue-and-profits-more-than-double-in-latest-earnings-report",
        "published": "2026-08-27T00:29:56.000Z"
      }
    ]
  },
  "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."
}