Tech losses and rising bond yields drove Seoul shares lower.
Context
What happened: Seoul shares closed lower, led by technology stocks, as investors weighed rising bond yields. 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. Foreigners sold a net 1.75 trillion won.
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.
What changed
Seoul shares closed lower, led by technology stocks, as investors weighed rising bond yields. The Korean won rose against the U.S. dollar.
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.