South Korea shares log second weekly decline on chip weakness
South Korean shares closed lower on Thursday for a second weekly decline, weighed by weakness in chipmakers amid inflation concerns linked to higher oil prices.
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South Korean shares closed lower on Thursday for a second weekly decline, weighed by weakness in chipmakers amid inflation concerns linked to higher oil prices.
An index of emerging Asia equities booked its steepest one-day loss in a week on Wednesday, with Singapore and South Korea shedding the most, as surging crude prices and US yields holding near multi-year peaks steered investors away from the region.
Global equity markets closed mixed, with Europe down and Wall Street ending a volatile week with modest gains. US Treasury yields topped 5%, while Brent crude remained above $100. Asian markets showed mixed performance.
Global equity markets experienced a mixed session on Friday, with gains on Wall Street partially offsetting losses in Europe. Bond yields continued to climb, with US 10-year Treasury yields topping 5%, while currency markets saw the dollar strengthen against the yen. Spot gold and Brent crude prices showed modest movem
South Korea shares to log second weekly decline