Seoul stocks down for 2nd day amid rising bond yields

What happened: South Korean stocks fell for a second straight session, with the KOSPI closing down on declines in technology shares amid concerns over rising bond yields. The Korean won strengthened against the US dollar. Key numbers: KOSPI closed down 137.49 points, or 1.98 percent, at 6,803.90. Why it matters: An analyst attributed the pressure to rising international oil prices and US Treasury yields, plus a wait-and-see approach ahead of Samsung Electronics' preliminary earnings report, which prompted foreign and institutional selling. Coverage: 3 outlets in 24h

South Korean stocks fell for a second straight session, with the KOSPI closing down on declines in technology shares amid concerns over rising bond yields. The Korean won strengthened against the US dollar.

An analyst attributed the pressure to rising international oil prices and US Treasury yields, plus a wait-and-see approach ahead of Samsung Electronics' preliminary earnings report, which prompted foreign and institutional selling.