{
  "id": 7905516,
  "title": "Seoul stocks open higher despite first Fed rate hike in over 3 years",
  "url": "https://urgent.news/2026/09/17/seoul-stocks-open-higher-despite-first-fed-rate-hike-in-over-3-years",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T00:22:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20260917/seoul-stocks-open-higher-despite-first-fed-rate-hike-in-over-3-years"
  },
  "original_language": "en",
  "account": null,
  "summary": "Seoul stocks opened higher on Thursday, led by gains in tech stocks. The benchmark Korea Composite Stock Price Index (KOSPI) opened up 61.05 points, or 0.91 percent, to 6,779.02.\n\nThe US Federal Reserve raised its base rate by a quarter percentage point to a range of 3.75 percent and 4 percent, its first rate hike in over three years, to combat inflationary pressures. Major stock indexes on Wall Street closed down overnight.\n\nThe Bank of Korea, according to Yonhap News, is likely to come under growing pressure to further raise its benchmark rate after the Fed's move, which left the gap between the key interest rates of South Korea and the United States at up to 1 percentage point.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Business Insider",
        "title": "What smart people in business and economics are saying about the Fed interest rate hike",
        "url": "https://urgent.news/2026/09/16/what-smart-people-in-business-and-economics-are-saying-about-the-fed",
        "published": "2026-09-16T22:30:30.000Z"
      },
      {
        "outlet": "Gulf News",
        "title": "Trump demands 1% US interest rate after Fed delivers first hike in three years",
        "url": "https://urgent.news/2026/09/16/trump-demands-1-us-interest-rate-after-fed-delivers-first-hike-in",
        "published": "2026-09-16T22:36:26.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "Stock futures rise after Fed's rate hike spurs a market sell-off: Live updates",
        "url": "https://urgent.news/2026/09/16/stock-futures-rise-after-feds-rate-hike-spurs-a-market-sell-off-live",
        "published": "2026-09-16T23:16:49.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Trump lashes out at Fed after Warsh backs rate hike; says rates should be '1% or less'",
        "url": "https://urgent.news/2026/09/16/trump-lashes-out-at-fed-after-warsh-backs-rate-hike-says-rates-should",
        "published": "2026-09-16T23:21:00.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Hong Kong follows US Fed with first rate hike in over three years",
        "url": "https://urgent.news/2026/09/16/hong-kong-follows-us-fed-with-first-rate-hike-in-over-three-years",
        "published": "2026-09-16T23:58:20.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "Seoul stocks open higher despite first Fed rate hike in over 3 yrs",
        "url": "https://urgent.news/2026/09/17/seoul-stocks-open-higher-despite-first-fed-rate-hike-in-over-3-yrs",
        "published": "2026-09-17T00:03:48.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "BOK pressed to further raise key rate to track Fed's latest hike",
        "url": "https://urgent.news/2026/09/17/bok-pressed-to-further-raise-key-rate-to-track-feds-latest-hike-7905517",
        "published": "2026-09-17T00:22:03.000Z"
      }
    ]
  },
  "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."
}