{
  "id": 715444,
  "title": "(LEAD) Seoul shares open sharply higher on chip rally",
  "url": "https://urgent.news/2026/08/13/lead-seoul-shares-open-sharply-higher-on-chip-rally",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T00:25:18.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260813002351320"
  },
  "original_language": "en",
  "account": "SEOUL, Aug. 13 (Yonhap) -- South Korean shares surged on Thursday, propelled by strong performances in major chipmakers, mirroring gains in U.S. technology stocks from the previous night. The Korea Composite Stock Price Index (KOSPI) began the day with a 2.96 percent increase, rising by 290.02 points, or 4.41 percent, to reach 6,869.06 by 9:15 a.m. The index climbed 194.88 points, or 2.96 percent, to 6,773.92 at the same time. Meanwhile, the S&P 500 rose 0.26 percent, falling short of a record high, and the Nasdaq Composite Index surged 0.54 percent. The Dow Jones Industrial Average, however, slipped by 0.04 percent. Most large-cap shares in Seoul experienced a rise. Samsung Electronics, the market bellwether, gained 5.19 percent, while its chipmaking partner SK hynix surged 7.71 percent. SK Square, the parent firm of SK hynix, jumped 10.16 percent, and Samsung Electro-Mechanics, a subsidiary electronics component of Samsung Electronics, saw a notable 13.18 percent increase. As of 9:15 a.m., the Korean won was trading at 1,414.6 won per U.S. dollar, a 3.9 won rise from the previous day's closing.",
  "summary": "SEOUL, Aug. 13 (Yonhap) -- South Korean shares opened sharply higher Thursday, l...",
  "key_points": [
    "South Korean shares surged 4.41%, KOSPI up 290.02 points",
    "Samsung Electronics and SK hynix led gains, 5.19% and 7.71%",
    "Korean won strengthened to 1,414.6 per USD, 3.9 won rise"
  ],
  "editors_take": "The sharp rise in Seoul shares, led by major chipmakers, aligns with a broader tech-driven rally, positioning South Korea's tech sector for potential gains amid US market trends.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Seoul shares extend gains late Thu. morning on chip rally",
        "url": "https://urgent.news/2026/08/13/seoul-shares-extend-gains-late-thu-morning-on-chip-rally",
        "published": "2026-08-13T02:28:19.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Seoul shares extend gains late Thursday morning on chip rally",
        "url": "https://urgent.news/2026/08/13/seoul-shares-extend-gains-late-thursday-morning-on-chip-rally",
        "published": "2026-08-13T03:47:03.000Z"
      }
    ]
  },
  "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."
}