South Korea's KOSPI declined 0.48% to close at 6,838.04, marking its third straight day of losses. The drop was driven by surging US Treasury yields, with the 30-year yield climbing to 5.62%, its highest level since 2002, and the 10-year yield nearing 5.29%, the highest since 2007. Persistent inflation concerns fueled by elevated energy prices weighed on sentiment. US stocks also closed slightly lower in the prior session.
What it moves
KOSPI, para:KR200, xyz:EWY, xyz:HYUNDAI, xyz:SOFTBANK, xyz:JP225, BTC, ETH
Bull vs bear
Bulls see the selloff as a classic risk-off rotation into bonds that could stabilize once yields peak, potentially supporting carry-sensitive crypto and Asian tech exposure. Bears argue that sustained multi-year high yields will tighten global liquidity further, pressuring equities, growth assets, and crypto leverage across the board.