{
  "id": 845149,
  "title": "South Korean shares set to snap 7-week losing streak on AI optimism",
  "url": "https://urgent.news/2026/08/14/south-korean-shares-set-to-snap-7-week-losing-streak-on-ai-optimism",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-14T06:25:45.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40434805/south-korean-shares-set-to-snap-7-week-losing-streak-on-ai-optimism"
  },
  "original_language": "en",
  "account": "South Korean shares appear poised to end a seven-week losing streak as optimism around artificial intelligence (AI) propels the market to three-week highs. The KOSPI index, a key benchmark for the country's financial markets, surged 55.55 points, or 0.82%, to 6,868.89 by 0132 GMT on Friday. Earlier, the index had climbed as much as 2.9%. Despite the gains, traders will likely remain cautious as a public holiday approaches on Monday.\n\nThis marks the tech-heavy index's fifth consecutive day of gains, with the KOSPI up 9.4% during this period. The sector had previously suffered a 31% drop over the preceding seven weeks. Market volatility has eased recently, with the volatility index standing at 56 on Friday, down from a record high of 98 in late June.\n\nThe S&P 500 closed at a record high on Thursday, propelled by strong performances in technology stocks. This followed a period of tame producer price inflation, which bolstered hopes that the Federal Reserve would refrain from raising interest rates at its September meeting.\n\nAmong the KOSPI's top performers, Samsung Electronics saw a slight decline of 0.37%, following a rise of more than 2% earlier in the day. SK Hynix, another key player, gained 3.01%. Other notable gains included LG Energy Solution, which dropped 1.37%, and Hyundai Motor and Kia Corp, which rose 5.73% and 1.97%, respectively. POSCO Holdings experienced a 1.08% increase, while Samsung BioLogics fell by 1.09%.\n\nOut of the 903 traded issues, 453 shares advanced, while 420 declined. Foreign investors bought shares worth 780.2 billion won ($550.81 million) during the session. The won was traded at 1,416.3 per dollar on the onshore settlement platform, marking a 0.16% increase from its previous close at 1,418.6.\n\nIn money and debt markets, September futures on three-year treasury bonds rose by 0.04 point to 103.33. The yield on the most liquid three-year Korean treasury bond fell by 0.6 basis points to 3.774%, while the benchmark 10-year yield declined by 1.1 basis points to 4.282%.",
  "summary": "SEOUL: Round-up of South Korean financial markets: South Korean shares looked set to snap a seven-week decline on Friday, rising to their highest level in three weeks as chipmakers gained on AI optimism. The benchmark KOSPI was up 55.55 points, or 0.82%, at 6,868.89 as of 0132 GMT, after rising as much as 2.9% earlier in the session. The index cut gains on caution ahead of a public holiday on…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}