(2nd LD) Seoul shares end lower on tech losses amid rising bond yields

What happened: Seoul shares closed lower, led by technology stocks, as investors weighed rising bond yields at multidecade highs. The Korean won rose against the U.S. 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. Decliners beat gainers 459 to 424. Why it matters: Analysts said investors are expected to stay cautious until a fresh policy catalyst or strong corporate earnings, with third-quarter results awaited amid higher rates, energy costs and inflation worries.

Seoul shares closed lower, led by technology stocks, as investors weighed rising bond yields at multidecade highs. The Korean won rose against the U.S. dollar.

Analysts said investors are expected to stay cautious until a fresh policy catalyst or strong corporate earnings, with third-quarter results awaited amid higher rates, energy costs and inflation worries.