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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: KOSPI drops over 2% as Samsung, SK Hynix slide on yield concerns

SK Hynix Samsung United States South Korea

South Korean shares fell more than 2% on Monday, with major chipmakers leading losses as higher bond yields weighed on risk appetite in catch-up trading after a two-day holiday break, Reuters reported.

The benchmark KOSPI fell 150.83 points, or 2.13%, to 6,930.09 by 0122 GMT, snapping a four-session winning streak that had taken the index to a two-month high.

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