KOSPI Dips Slightly Amid Surging US Treasury Yields and Geopolitical Tensions; KOSDAQ Rebounds
The benchmark slid toward the 6,830 level in early trading due to 10-year US Treasury yields topping 5.2% and foreign spot selling, but recovered to settle slightly lower near the 6,870 level as dip-buyers emerged in IT and electronic components.
After dropping to the 841 level early on amid rate hike concerns, the index reversed higher to close up +0.38% at 849.80, lifted by afternoon institutional inflows into biotech, robotics, and IT parts.
The tech-heavy index fell -1.11% to the 26,820 level, weighed down by stalling US-Iran talks, rebounding oil prices, and climbing bond yields that pressured tech valuations.
A prolonged surge in crude oil prices and sustained high US Treasury yields could intensify valuation pressures on growth stocks and amplify foreign capital volatility.