Key facts
- Seoul stocks opened lower on Friday, August 28, 2026.
- The benchmark Korea Composite Stock Price Index (KOSPI) opened down 0.95 percent.
- U.S. markets closed higher, with the S&P 500 up 0.72% and the Nasdaq up 1.57%.
- Nvidia's sharp rise, following forecast-beating earnings, contributed to U.S. tech gains.
- Investors are awaiting Fed Chair Kevin Warsh's speech at the Jackson Hole symposium for insights into rate policy.
Seoul stocks opened lower on Friday, August 28, 2026, despite overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index (KOSPI) fell 65.83 points, or 0.95 percent, to 6,846.54 at the opening.
Major U.S. stock indexes closed higher, with the S&P 500 adding 0.72 percent and the tech-heavy Nasdaq jumping 1.57 percent. The U.S. market's performance was largely driven by artificial intelligence-related technology companies, including Nvidia, which saw a significant rise after reporting earnings that surpassed forecasts.