{
  "id": 433487,
  "title": "Seoul shares pare gains late Monday morning on foreign selling",
  "url": "https://urgent.news/2026/08/10/seoul-shares-pare-gains-late-monday-morning-on-foreign-selling-433487",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T04:02:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20260810/seoul-shares-pare-gains-late-monday-morning-on-foreign-selling"
  },
  "original_language": "en",
  "account": "Korean shares trimmed earlier gains in the late morning on Monday as foreign investors persistently sold major cap technology stocks, despite bargain hunting by retail and institutional investors. The benchmark Korea Composite Stock Price Index (KOSPI) rose 25.15 points, or 0.4 percent, to 6,283.92 by 11:20 a.m., following an opening gain of 0.76 percent. However, foreign investors sold approximately 619.7 billion won ($437.8 million), canceling out a combined 598.2 billion won worth of buying by retail and institutional investors. The KOSPI closed lower for the second consecutive session on Friday, pressured by foreign selling. Wall Street saw gains on Friday, driven by positive U.S. job reports, with the Dow Jones Industrial Average up 0.28 percent and the S&P 500 gaining 0.62 percent to a new record. The tech-focused Nasdaq Composite Index climbed 1.3 percent. Korean technology equities continued to dominate the market. Despite a strong start, Samsung Electronics experienced a minor decline of 0.11 percent, while its rival SK hynix rallied 0.84 percent. The Korean won was trading at 1,414.8 won per U.S. dollar.",
  "summary": "The Korea Times reports that Korean shares saw a brief rebound in early trading on Monday, but ultimately pared earlier gains as foreign investors continued to sell large-cap tech stocks. Despite bargain hunting by retail and institutional investors, foreign investors sold nearly 619.7 billion won worth of shares, offsetting a combined 598.2 billion won worth of buying. The benchmark Korea Composite Stock Price Index (KOSPI) ended the session lower for a second straight day, weighed down by foreign selling. The tech sector remained a key driver of the market, with Samsung Electronics and SK hynix seeing mixed performances. The Korean won also traded slightly weaker against the US dollar.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Seoul shares pare gains late Mon. morning on foreign selling",
        "url": "https://urgent.news/2026/08/10/seoul-shares-pare-gains-late-mon-morning-on-foreign-selling",
        "published": "2026-08-10T02:37:59.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Seoul shares pare gains late Monday morning on foreign selling",
        "url": "https://urgent.news/2026/08/10/seoul-shares-pare-gains-late-monday-morning-on-foreign-selling",
        "published": "2026-08-10T03:52:03.000Z"
      }
    ]
  },
  "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."
}