Federal Reserve Holds Rates, Samsung Earnings Outlook Lifts Seoul Stocks
On October 29, 2026, South Korean stocks rose in Seoul following the Federal Reserve's decision to hold interest rates steady and positive expectations for Samsung Electronics' third-quarter earnings. The Korea Composite Stock Price Index gained 0.17 percent, reaching 6,022.64, as market participants anticipated strong earnings and robust memory chip demand.
Where Sources Diverge
Yonhap News Agency provided a brief summary, while the Korea Herald included more detailed market performance data.
Seoul stocks open tad higher as Fed holds rates ahead of Samsung earnings report
South Korean stocks opened slightly higher Thursday, buoyed by the Federal Reserve's decision to hold interest rates steady and expectations for strong third-quarter earnings from Samsung Electronics amid robust memory chip demand.
The Korea Herald reported the index rose 0.17 percent, while Yonhap News Agency did not specify the percentage change.
The benchmark Korea Composite Stock Price Index added 10.2 points, or 0.17 percent, to 6,022.64
Seoul stocks open tad higher as Fed holds rates ahead of Samsung earnings report
The Korea Herald mentioned the market extended its rally after a previous session surge of over 6 percent, while Yonhap News Agency did not include this detail.
extending its rally after surging more than 6 percent in the previous session
Seoul stocks open tad higher as Fed holds rates ahead of Samsung earnings report
The Korea Herald reported the Federal Open Market Committee voted to maintain interest rates, while Yonhap News Agency did not include this detail.
Overnight, US stocks gained after the Federal Open Market Committee voted 10
Seoul stocks open tad higher as Fed holds rates ahead of Samsung earnings report
Sources
South Korean stocks opened slightly higher Thursday, buoyed by the Federal Reserve's decision to hold interest rates steady and expectations for strong third-quarter earnings from Samsung Electronics amid robust memory chip demand. The benchmark Korea Composite Stock Price Index added 10.2 points, or 0.17 percent, to 6,022.64 as of 9:15 a.m., extending its rally after surging more than 6 percent in the previous session. Overnight, US stocks gained after the Federal Open Market Committee voted 10
Seoul stocks open tad higher as Fed holds rates ahead of Samsung earnings report Yonhap News Agency