KOSPI opens down over 3% as bond yields and oil prices surge

  • KOSPI opened at 6,625.47, down 3.08%, on Sept. 2.
  • 10-year U.S. Treasury yields reached 4.788%, while October WTI rose 5.2%.
  • Samsung Electronics and SK Hynix fell 3.07% and 3.01%, respectively.

The KOSPI opened 3.08% lower at 6,625.47 on Sept. 2 as rising U.S. Treasury yields and international oil prices weighed on South Korean equities. By 9:15 a.m., the index had narrowed its decline to 2.7%, trading at 6,651.1. Samsung Electronics fell 3.07% to 253,000 won, while SK Hynix dropped 3.01% to 1.642 million won. The 10-year U.S. Treasury yield reached 4.788% during trading on Sept. 1, its highest level since Jan. 14, 2025, while WTI crude for October delivery jumped 5.2% to $90.22 after further U.S.-Iran military escalation. Kiwoom Securities researcher Han Ji-young advised investors to monitor whether the conflict eases and advanced-economy long-term rates stabilize, while maintaining existing positions or considering phased purchases during any further sharp decline.

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