KOSPI Falls as US 10-Year Yield Tops 5%, Oil Prices Rise
5 Articles
5 Articles
The COSPI index ended weakly on the 15th as macro variables weighed down domestic stocks. While international oil prices have surpassed $100 per barrel, interest rates on 10-year US Treasury bonds have surpassed 5% again. Although the artificial intelligence (AI) speed regulation theory has calmed down somewhat, it still limited investment sentiment. The COSPI index closed at 6627.26, down 57.11 points (0.85%) from the previous trading day. The …
KOSPI falls as US 10-year yield tops 5%, oil prices rise
Korean stocks closed lower Tuesday as renewed concerns over rising U.S. Treasury yields and crude oil prices outweighed bargain-hunting in semiconductor shares, while foreign investors extended their selling streak to a fifth session. The benchmark KOSPI closed at 6,627.26, down 0.85 percent from the previous session. After plunging 3.26 percent the previous day, the index rebounded as semiconductor stocks attracted bargain-hunting. However, the…
[Digital Daily Reporter Kang Ki-hoon] The KOSPI fell to the low 6,600s due to concerns over rising US Treasury yields and international oil prices. Although it attempted a rebound by recovering the 6,700 level during the session, it failed to sustain the upward trend as foreign investors net sold over 1.5 trillion won. According to the Korea Exchange on the 15th, the KOSPI closed at 6,627.26, down 57.11 points (0.85%) from the previous trading …
The domestic stock market closed lower, pressured by simultaneous selling from foreign and institutional investors. The shock from the U.S. 10-year Treasury yield and rising oil prices weighed on the index.
According to ChainCatcher and Gate data, the South Korean KOSPI index closed down 57.13 points, or 0.85%, at 6627.24; the Nikkei 225 index closed down 8.89 points, or 0.01%, at 63484.10.
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