{
  "id": 7910401,
  "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-7910401",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T00:52:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "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": "Seoul's stock market began the day on an upward trajectory on Thursday, buoyed by advances in technology shares, despite the Federal Reserve's first interest rate increase in nearly three years. The KOSPI index rose 61.05 points, or 0.91%, to reach 6,779.02. Meanwhile, Wall Street's major indices ended the previous trading session lower, following the Fed's decision to raise the base rate by a quarter percentage point to a range of 3.75% to 4%, aiming to curb inflationary pressures. KOSPI opened higher at 9:14 a.m., up 6.49 points, or 0.1%, to 6,724.46. Analysts anticipate volatility in local stocks due to the Fed's decision.",
  "summary": "Seoul stocks opened higher on Thursday, led by gains in tech stocks, despite the Federal Reserve's first rate hike in over three years. The benchmark Korea Composite Stock Price Index (KOSPI) opened up 61.05 points, or 0.91 percent, to 6,779.02. Overnight, major stock indexes on Wall Street closed down, after the Fed delivered the first quarter-percentage point rate increase since 2023, to combat…",
  "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": "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",
        "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."
}