South Korean stocks open lower as KOSPI falls 0.19%

  • KOSPI opened lower Tuesday as South Korean stocks tracked overnight Wall Street losses.
  • KOSPI fell 13.31 points, or 0.19%, to 6,876.43 by 9:15 a.m.
  • U.S.-Iran tensions pushed oil prices higher and lifted U.S. Treasury yields.

South Korean stocks opened lower Tuesday, with the KOSPI falling 13.31 points, or 0.19%, to 6,876.43 by 9:15 a.m. Seoul time. The decline followed losses on Wall Street, where renewed tensions between the United States and Iran pushed crude oil prices higher and raised concerns that increased energy costs could keep inflation and interest rates elevated. U.S. Treasury yields continued climbing, while major Korean stocks traded mixed. The won strengthened slightly against the U.S. dollar.

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