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KOSPI tumbles despite chip buybacks: how much support can they really provide?

Source: invezz.com

Energy Markets & PricesInterest Rates & YieldsMarket Technicals & FlowsGeopolitics & War
KOSPI tumbles despite chip buybacks: how much support can they really provide?

South Korean equities sold off sharply as oil prices and global bond yields surged, with the KOSPI down 2.86% to 6,640.26 by late morning after opening more than 3% lower. The move pressured heavyweight technology and industrial names, making Seoul one of Asia’s weakest major markets.

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