KOSPI Closes Below 7,000 as Global Oil Tops $100 and US Treasury Yields Surge
The KOSPI lost 1.76% to close at 6,909.91, sliding below the 7,000 mark as foreign and institutional investors sold a combined 4.0 trillion KRW (-2.4T KRW and -1.6T KRW, respectively). Large tech names Samsung Electronics (-3.53%) and SK hynix (-2.21%) lagged, while financial holding firms demonstrated relative defensiveness on higher interest rate expectations.
The KOSDAQ declined 1.95% to 820.64, weighed down by heavy selling in high-valuation growth and tech component names such as EcoPro BM (-7.08%) and Wonik IPS (-7.15%), though short-term capital rotated into select small- and mid-caps with idiosyncratic catalysts.
Overnight, the Nasdaq settled lower as tech shares weakened under renewed inflation fears from surging oil prices and rising US Treasury yields; the current regular session performance is pending pre-market verification as of Korean standard time.
This briefing is provided for informational purposes only and does not constitute investment advice. Heightened macroeconomic volatility—driven by potential oil supply disruptions from geopolitical uncertainties and sustained high interest rates—may amplify market swings. Prudent risk management and portfolio diversification are advised.