{
  "id": 545730,
  "title": "(2nd LD) Seoul shares end higher for 2nd day on chip gains",
  "url": "https://urgent.news/2026/08/11/2nd-ld-seoul-shares-end-higher-for-2nd-day-on-chip-gains",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-11T07:49:23.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260811006252320"
  },
  "original_language": "en",
  "account": "South Korean stocks closed higher for the second consecutive day on Tuesday, buoyed by bargain hunting in major chipmakers. The Korea Composite Stock Price Index (KOSPI) increased by 45.87 points, or 0.73%, to reach 6,345.53. Initially, the KOSPI fell by 0.95% but quickly turned around as major chip firms showed gains. The broader market sentiment remained cautious due to the ongoing Middle East conflict. The trading volume was moderate, with 634.5 million shares changing hands, amounting to 21.59 trillion won (US$15.23 billion). Gainers outnumbered losers 562 to 308. Foreign investors and institutions bought a total of 764.8 billion won worth of shares, while retail investors sold a net of 724.4 billion won. Analyst Lee Kyung-min from Daishin Securities attributed the buying activity to the belief that the recent decline was excessive. On Monday, the U.S. stock market retreated from its record high as oil prices surged due to uncertainty about the reopening of the Strait of Hormuz to shipping. The S&P 500, Dow Jones Industrial Average, and tech-heavy Nasdaq composite all ended the day down by 0.1%. Samsung Electronics and its rival SK hynix were among the top performers, with Samsung Electronics up 4.13% to 239,500 won per share and SK hynix gaining 0.35% to 1.42 million won. SK Square, the parent company of SK hynix, dropped 0.42% to 945,000 won, while Samsung Electro-Mechanics, a subsidiary of Samsung Electronics, fell 0.94% to 1.26 million won. LG Energy Solution declined by 3.54% to 364,500 won, and Hyundai Motor slipped 1.23% to 403,000 won. The Korean won strengthened against the U.S. dollar, reaching 1,416 won per dollar, up from 1,418 won at the previous close. Government bond prices fell, with the three-year Treasury yield rising by 3 basis points to 3.808% and the return on five-year government bonds adding 4.8 basis points to 4.042%.",
  "summary": "SEOUL, Aug. 11 (Yonhap) -- South Korean stocks ended higher for the second strai...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}