South Korean stocks turn lower after opening higher on profit-taking, KOSPI falls 0.12% to 6,995.60
South Korean stocks turned lower on profit-taking after opening higher Tuesday, as concerns over rising bond yields at multidecade highs weighed on investor sentiment. After opening 0.58 percent higher, the benchmark Korea Composite Stock Price Index fell 8.14 points, or 0.12 percent, to 6,995.60 as of 9:15 a.m. Investors are now turning their attention to upcoming corporate earnings, although higher interest rates, elevated energy costs and renewed inflation worries are pushing up global bond yields.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Cerebras's pre-market stock rose 6% after OpenAI CEO Altman called Cerebras a "close partner."
-
2
Multiple U.S. states will vote on wealth taxes in November, with California potentially imposing a 5% net worth tax on billionaires.
-
3
Ethereum: Market Impact, Technological Advancements, and Future Outlook
-
4
Bitcoin (BTC): Latest Updates and Market Analysis of Digital Gold
-
5
Litecoin's price has recently surged: Can ETF applications and halving expectations sustain its rally?
-
6
KKR Reaches Agreement to Acquire Private Capital Fund Administrator Gen II
-
7
NVIDIA's $20 billion Groq deal faces lawsuit, accused of undervaluing shareholder worth and evading a vote.
-
8
Circle and Tether unite against MiCA bank reserve rules, with Circle proposing looser standards
-
9
STEEM Coin Analysis: The Current Status and Development Challenges of a Decentralized Social Blockchain
-
10
French 10-year government bond yields increased, while 10-year Bund yields fell.
Markets Today
Recommended Reading






