Seoul shares end lower on tech losses amid rising bond yields

What happened: Seoul shares closed lower Tuesday, led by technology stock declines amid concerns over rising bond yields at multidecade highs. The Korean won rose against the US dollar. Key numbers: KOSPI fell 62.35 points, or 0.89 percent, to 6,941.39. Volume was 257.27 million shares worth 19.1 trillion won ($14.2 billion). Why it matters: Investors await third-quarter corporate earnings, with higher rates, elevated energy costs and renewed inflation worries pushing global bond yields up. Analysts expect caution until a fresh policy catalyst or strong earnings results.

Seoul shares closed lower Tuesday, led by technology stock declines amid concerns over rising bond yields at multidecade highs. The Korean won rose against the US dollar.

Investors await third-quarter corporate earnings, with higher rates, elevated energy costs and renewed inflation worries pushing global bond yields up. Analysts expect caution until a fresh policy catalyst or strong earnings results.