{"id":39734,"date":"2025-09-24T01:23:12","date_gmt":"2025-09-24T01:23:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/39734\/"},"modified":"2025-09-24T01:23:12","modified_gmt":"2025-09-24T01:23:12","slug":"seoul-stocks-open-lower-on-powells-remarks-on-stock-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/39734\/","title":{"rendered":"Seoul stocks open lower on Powell&#8217;s remarks on stock market"},"content":{"rendered":"<p>       <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/09\/news-p.v1.20250924.1b47aca1d6bd4176aba364589ce193af_P1.jpg\" alt=\"An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Wednesday . (Yonhap)\"\/>     An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Wednesday . (Yonhap)  <\/p>\n<p>South Korean shares opened lower Wednesday as investors sat on the sidelines after U.S. Federal Reserve Chair Jerome Powell said the recent stock prices are &#8220;fairly highly valued.&#8221;<\/p>\n<p>The benchmark Korea Composite Stock Price Index lost 0.27 percent, or 9.28 points, to 3,476.91 in the first 15 minutes of trading.<\/p>\n<p>Overnight, the Fed chair said in a speech that equity prices may be overvalued, driving major U.S. firms, including Nvidia, to plummet.<\/p>\n<p>The tech-heavy Nasdaq composite fell 0.95 percent, and the S&amp;P 500 shed 0.55 percent. The Dow Jones Industrial Average slid 0.19 percent.<\/p>\n<p>In Seoul, top tech giant Samsung Electronics shed 0.35 percent, and No. 2 chipmaker SK hynix lost 0.28 percent. Leading battery maker LG Energy Solution decreased 0.84 percent, and Samsung SDI slipped 1.19 percent.<\/p>\n<p>Shinhan Financial decreased 0.72 percent, and Samsung Life Insurance moved down 1.46 percent.<\/p>\n<p>The local currency was quoted at 1,393.7 won against the greenback as of 9:15 a.m., down 1.1 won from the previous session. (Yonhap)<\/p>\n","protected":false},"excerpt":{"rendered":"An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank&hellip;\n","protected":false},"author":2,"featured_media":39735,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[6520,72,61,60,6521,6517,6516,6522,123,6518,6519,6515,6524,6525,6523],"class_list":["post-39734","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-asia-news","tag-business","tag-ie","tag-ireland","tag-k-pop","tag-koreaherald","tag-korean-news","tag-kpop","tag-markets","tag-south-korea-news","tag-south-korea-news-in-english","tag-the-korea-herald","tag-6524","tag-6525","tag-6523"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/39734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=39734"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/39734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/39735"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=39734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=39734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=39734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}