▲ An employee is seen inside the dealing room of Hana Bank in central Seoul on Aug. 27, 2026. (Yonhap)

SEOUL, Aug. 28 (Yonhap) -- Seoul stocks opened lower Friday, bucking overnight gains on Wall Street, while investors sat on the sidelines ahead of the Jackson Hall meeting set to provide clues on the Federal Reserve's rate policy.

The benchmark Korea Composite Stock Price Index (KOSPI) opened down 65.83 points, or 0.95 percent, to 6,846.54.

Overnight, major stock indexes on Wall Street closed higher, with the S&P 500 adding 0.72 percent and the tech-heavy Nasdaq jumping 1.57 percent.

The U.S. market was mainly led by tech companies related to artificial intelligence (AI), including Nvidia, which sharply rose following its forecast-beating earnings.

Fed Chair Kevin Warsh is set to deliver his first major speech as chairman of the central bank later in the day at the Jackson Hole symposium.

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