{
  "id": 720480,
  "title": "Seoul shares open sharply higher on chip rally",
  "url": "https://urgent.news/2026/08/13/seoul-shares-open-sharply-higher-on-chip-rally",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T02:07:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20260813/seoul-shares-open-sharply-higher-on-chip-rally"
  },
  "original_language": "en",
  "account": "Korean shares surged on Thursday, propelled by strong performances in leading chip manufacturers, mirroring a recent rise in U.S. tech markets. Following a 2.96 percent jump at the opening bell, the KOSPI index surged 4.41 percent to reach 6,869.06 points by 9:15 a.m. Meanwhile, the KOSPI had started the day 2.96 percent higher at 6,773.92 points. The following day, U.S. stocks tied to the artificial intelligence technology sector experienced a significant uptick. The S&P 500 managed to close just below a record high with a gain of 0.26 percent, while the Nasdaq Composite Index rose by 0.54 percent. The Dow Jones Industrial Average, on the other hand, saw a slight decline of 0.04 percent. In Seoul, a majority of major shares saw an increase in value. Samsung Electronics, a market benchmark, climbed by 5.19 percent, while its rival in the chipmaking sector, SK hynix, witnessed an impressive surge of 7.71 percent. SK Square, the parent company of SK hynix, exhibited an extraordinary rise of 10.16 percent, and Samsung Electro-Mechanics, an electronics component of Samsung Electronics, soared by 13.18 percent. By 9:15 a.m., the Korean won was trading at 1,414.6 won per U.S. dollar.",
  "summary": "Korean shares opened sharply higher Thursday, led by gains in major chipmakers, tracking an overnight gains in U.S. technology stocks. After opening 2.96 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) traded up 290.02 points, or 4.41 percent, at 6,869.06 as of 9:15 a.m. The benchmark Korea Composite Stock Price Index (KOSPI) opened 194.88 points, or 2.96 percent, higher…",
  "key_points": [
    "KOSPI index surged 4.41 percent to reach 6,869.06 points by 9:15 a.m.",
    "Samsung Electronics, SK hynix, and SK Square led the gains in Seoul markets."
  ],
  "editors_take": "The sharp rise in Seoul shares, led by a rally in chip manufacturers like Samsung Electronics and SK hynix, aligns with a recent surge in US tech markets, boosting investor confidence.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Seoul shares open sharply higher on chip rally",
        "url": "https://urgent.news/2026/08/13/seoul-shares-open-sharply-higher-on-chip-rally-721329",
        "published": "2026-08-13T02:17:03.000Z"
      }
    ]
  },
  "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."
}