{
  "id": 4586274,
  "title": "Seoul shares end higher despite hawkish Fed chief",
  "url": "https://urgent.news/2026/08/31/seoul-shares-end-higher-despite-hawkish-fed-chief",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T06:43:02.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260831007500320"
  },
  "original_language": "en",
  "account": "SEOUL, Aug. 31 (Yonhap) -- Monday saw Seoul shares finish higher, buoyed by a resurgence in tech stocks. Despite initially dropping 2.58 percent, the Korea Composite Stock Price Index (KOSPI) recovered to close up 31.14 points, or 0.46 percent, at 6,820.02. This marked a stark contrast to Wall Street's decline on Friday, with the Dow Jones Industrial Average slipping 0.02 percent and the tech-focused Nasdaq Composite falling 0.52 percent. However, net selling among institutions, foreign investors, and retail investors dampened the main index's gains, totaling 793.12 billion won, 639.86 billion won, and 144.33 billion won, respectively.\n\nIn his inaugural major speech as Federal Reserve Chair Kevin Warsh, the hawkish official cautioned that inflation continues to pose a concern. This warning left the door open for additional U.S. rate hikes throughout the year. Coupled with heightened expectations of a U.S. rate increase, investors remained vigilant about the escalating tensions in the Middle East, particularly following the recent U.S. strikes in the Strait of Hormuz.",
  "summary": "SEOUL, Aug. 31 (Yonhap) -- Seoul shares ended higher Monday on a rebound in tech...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Seoul shares open 2.58 pct lower on Fed chief's hawkish comments",
        "url": "https://urgent.news/2026/08/31/urgent-seoul-shares-open-2-58-pct-lower-on-fed-chiefs-hawkish-comments",
        "published": "2026-08-31T00:01:42.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Seoul shares open sharply lower on Fed chief's hawkish comments",
        "url": "https://urgent.news/2026/08/31/seoul-shares-open-sharply-lower-on-fed-chiefs-hawkish-comments",
        "published": "2026-08-31T00:27:02.000Z"
      },
      {
        "outlet": "The Mainichi",
        "title": "Dollar trades in 160 yen zone in Tokyo after Fed chief's hawkish speech",
        "url": "https://urgent.news/2026/08/31/dollar-trades-in-160-yen-zone-in-tokyo-after-fed-chiefs-hawkish-speech",
        "published": "2026-08-31T01:00:03.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Gold drifts lower below $4,450 as hawkish Warsh remarks lift Fed hike bets",
        "url": "https://urgent.news/2026/08/31/gold-drifts-lower-below-4-450-as-hawkish-warsh-remarks-lift-fed-hike",
        "published": "2026-08-31T01:45:46.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Gold today: Prices drop to near two-week low on Fed chief's hawkish stance",
        "url": "https://urgent.news/2026/08/31/gold-today-prices-drop-to-near-two-week-low-on-fed-chiefs-hawkish",
        "published": "2026-08-31T04:07:11.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Gold hits near two-week low on Fed chief's hawkish stance",
        "url": "https://urgent.news/2026/08/31/gold-hits-near-two-week-low-on-fed-chiefs-hawkish-stance",
        "published": "2026-08-31T05:03:32.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Gold hits near two-week low on Fed chief's hawkish stance",
        "url": "https://urgent.news/2026/08/31/gold-hits-near-two-week-low-on-fed-chiefs-hawkish-stance-4585840",
        "published": "2026-08-31T05:43:10.000Z"
      }
    ]
  },
  "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."
}