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KOSPI stays weak near 6,800 as U.S. Treasury yields top 5.2%

  • KOSPI remained weak near 6,800 as U.S. Treasury yields climbed above 5.2%.
  • Samsung Electronics and SK Hynix attempted rebounds after falling more than 2%.
  • Foreign selling continued alongside the attempted rebounds on the 29th.

The KOSPI remained weak around 6,800 on the 29th as U.S. long-term Treasury yields rose above 5.2%, weighing on global equity markets. Samsung Electronics and SK Hynix attempted rebounds after plunging more than 2% the previous day, supported by bargain hunting, while foreign selling continued to pressure the market.

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KOSPI stays weak near 6,800 as U.S. Treasury yields top 5.2% - CoinPost Terminal