South Korean shares slide nearly 2% as oil and US yields rise
The KOSPI slipped nearly 2% to around 6,920 on Thursday. The move followed Brent crude rising above $101 and the US 10-year Treasury yield climbing to around 4.86%, with Middle East supply-disruption concerns and escalating US-Iran tensions.
The benchmark KOSPI slipped nearly 2% to around 6,920 on Thursday, giving back gains from the previous session as oil prices and US Treasury yields climbed. Brent crude rose above $101 a barrel, the highest since May, amid rising US-Iran tensions and worries about Middle East energy supply disruptions. 86%, its highest level since November 2023. 1%).
South Korea and France also agreed to deepen cooperation in AI and semiconductors, including joint research and investment.