{
  "id": 7687752,
  "title": "Seoul shares turn higher late Wednesday morning on tech gains",
  "url": "https://urgent.news/2026/09/16/seoul-shares-turn-higher-late-wednesday-morning-on-tech-gains",
  "topic": "world",
  "section": "World",
  "published": "2026-09-16T02:52:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20260916/seoul-shares-turn-higher-late-wednesday-morning-on-tech-gains"
  },
  "original_language": "en",
  "account": "Seoul shares saw a late morning rise on Wednesday, driven by gains in technology stocks, as investors remained wary of the upcoming U.S. Federal Reserve decision on interest rates. The benchmark Korea Composite Stock Price Index (KOSPI) began trading lower by 0.24 percent but eventually climbed 13.21 points, or 0.2 percent, to 6,640.47 as of 11:20 a.m. Institutional investors bought a net 388.99 billion won worth of shares, while foreign and retail investors offloaded shares worth 922.78 billion won and 126.95 billion won, respectively.\n\nThe previous night, U.S. stocks experienced a decline, with the Dow Jones Industrial Average dropping 0.63 percent and the tech-focused Nasdaq Composite falling 0.78 percent. Additionally, a critical Saudi oil pipeline suffered an attack, causing it to go offline, and the Houthi rebels in Yemen expanded their control over more islands in the Red Sea shipping routes. These Middle Eastern tensions caused Brent crude futures, the global oil benchmark, to surge more than 2 percent, breaching the $108 per barrel mark.\n\nThe 10-year U.S. Treasury note yield also reached above 5 percent for the first time since 2019, reflecting the market's cautious sentiment leading up to the Fed's interest rate announcement.",
  "summary": "Seoul shares turned higher late Wednesday morning, led by gains in technology stocks, as investors remained cautious ahead of the U.S. Federal Reserve's interest rate decision this week. After opening 0.24 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) moved higher, trading 13.21 points, or 0.2 percent, higher to 6,640.47 as of 11:20 a.m. Institutions bought a net 388.99…",
  "key_points": [
    "Seoul shares rose late Wednesday on tech gains",
    "KOSPI index up 0.2% to 6,640.47 by 11:20 a.m.",
    "Middle Eastern tensions and oil price surge cause market caution"
  ],
  "editors_take": "Institutional investors' buying spree, driven by tech gains, helps Seoul shares recover from early losses, contrasting with wary market sentiment ahead of the US Federal Reserve's interest rate decision.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Seoul shares turn higher late Wed. morning on tech gains",
        "url": "https://urgent.news/2026/09/16/seoul-shares-turn-higher-late-wed-morning-on-tech-gains",
        "published": "2026-09-16T02:34:33.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Seoul shares turn higher late Wednesday morning on tech gains",
        "url": "https://urgent.news/2026/09/16/seoul-shares-turn-higher-late-wednesday-morning-on-tech-gains-7689902",
        "published": "2026-09-16T03:02:04.000Z"
      }
    ]
  },
  "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."
}