KOSPI falls as high US Treasury yields overshadow AI optimism - The Korea Times

KOSPI fell on Tuesday as heavy institutional selling and renewed worries over high U.S. Treasury yields wiped out an early chip- and AI-fueled rally. The benchmark index closed at 6,869.83, down 1.55%, after briefly topping 7,200 when optimism lifted it. The Kosdaq ended at 834.20, down 3.52%. Foreign and retail investors were net buyers, with 86.5 billion won and 731 billion won respectively, while institutions sold 785.4 billion won. SK hynix gained 1.03% to 1,662,000 won, but Samsung Electronics fell 2.19% to 268,500 won. U.S. stocks closed lower amid geopolitical tensions and a jump in the 10-year yield to 4.726%.