{
  "id": 7718464,
  "title": "South Korean shares rise as chipmakers gain ahead of Fed outcome",
  "url": "https://urgent.news/2026/09/16/south-korean-shares-rise-as-chipmakers-gain-ahead-of-fed-outcome",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T05:33:39.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40439737/south-korean-shares-rise-as-chipmakers-gain-ahead-of-fed-outcome"
  },
  "original_language": "en",
  "account": "In South Korea, the stock market saw a rise on Wednesday, driven by chipmakers after a recent decline, as investors remained cautious due to high bond yields and the possibility of a U.S. interest rate hike. The KOSPI index increased by 28.92 points, or 0.44%, to 6,656.18, following four days of losses. Economists polled by Reuters forecasted that the U.S. Federal Reserve would raise interest rates multiple times by the end of March, reversing a previous consensus of no change. Samsung Electronics and SK Hynix, leading chipmakers, gained 1.01% and 1.72%, respectively. LG Energy Solution, an energy battery firm, climbed 0.96%, while Hyundai Motor and Kia Corp decreased by 1.63% and 0.49%, respectively. POSCO Holdings saw a drop of 1.51%, and Samsung BioLogics fell 0.78%. Out of 914 listed shares, 254 advanced, while 608 declined, with foreigners selling shares worth 1.1 trillion won. The Korean won weakened slightly against the dollar to 1,368.5 per dollar. In debt markets, three-year treasury bond futures rose 0.15 point to 102.11, and the yields on three-year and 10-year bonds fell by 0.15 and 3.3 basis points, respectively, suggesting that investors believed recent multi-year high interest rate increases were too much.",
  "summary": "SEOUL: A roundup of South Korean financial markets: South Korean shares rose on Wednesday, lifted by chipmakers after a recent selloff, while investors remained cautious as elevated bond yields and the prospect of a US rate hike weighed on broader risk sentiment. The benchmark KOSPI was up 28.92 points, or 0.44%, at 6,656.18 as of 0257 GMT, after four consecutive sessions of losses. The US…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "China's yuan holds ground ahead of Fed outcome",
        "url": "https://urgent.news/2026/09/16/chinas-yuan-holds-ground-ahead-of-fed-outcome",
        "published": "2026-09-16T05:31:33.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "AUD/USD Price Forecast: Trades with caution ahead of Fed’s policy outcome",
        "url": "https://urgent.news/2026/09/16/aud-usd-price-forecast-trades-with-caution-ahead-of-feds-policy",
        "published": "2026-09-16T06:57:13.000Z"
      }
    ]
  },
  "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."
}