Seoul Shares Dip Over 1% Ahead of Earnings Reports and Fed Decision
Seoul's stock market fell over 1% as investors braced for upcoming earnings reports and the Federal Reserve's interest rate decision.
Seoul's stock market fell over 1% as investors braced for upcoming earnings reports and the Federal Reserve's interest rate decision.
On October 26, 2026, Seoul shares ended lower, with the benchmark Korea Composite Stock Price Index (KOSPI) dropping by 1.46%, closing at 5,469.47.
Investors reacted to losses on Wall Street, particularly as they awaited third-quarter earnings reports from major chipmakers like SK Hynix and Samsung Electronics. Concerns about economic conditions were heightened by the Federal Reserve's upcoming rate decision, expected to maintain current interest rates amid ongoing inflation.
The trading volume was relatively low, with 190.46 million shares traded, and the number of decliners significantly outnumbered advancers. Major companies such as Samsung Electronics and Hyundai Motor saw declines in their stock prices, reflecting a cautious market sentiment.
As the market anticipates the earnings reports, analysts are particularly focused on the outlook for AI chip demand and memory prices, which could influence future market trends.
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