KOSPI falls 0.34% at open as chip stocks extend three-day decline

  • KOSPI opened lower as losses in chip-heavy stocks weighed on South Korean shares.
  • KOSPI fell 23.55 points, or 0.34 percent, to 6,814.49 at the open.
  • Wall Street closed mixed after cooler inflation data, elevated Treasury yields and rising oil prices.

South Korean stocks opened lower Thursday, with the KOSPI dropping 23.55 points, or 0.34%, to 6,814.49 amid losses in chip-heavy shares. The decline followed three consecutive losing sessions. Wall Street closed mixed overnight: the Dow Jones Industrial Average fell 0.86%, the S&P 500 dipped 0.25%, and the Nasdaq Composite gained 0.24%. Cooler-than-expected inflation data was offset by pressure from elevated U.S. Treasury yields and rising oil prices.

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