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South Korean shares fall more than 2% as chipmakers drop
SEOUL: Round-up of South Korean financial markets: South Korean shares fell more than 2% on Monday as chipmakers dropped amid worries about high bond yields, in catch-up trading following a holiday break. The benchmark KOSPI was down 150.83 points, or 2.13%, at 6,930.09 as of 0122 GMT, after a four-session gaining streak to a two-month high. South Korean financial markets were closed on Thursday and Friday for Chuseok holidays. Investors’ focus is on South Korea’s export data and Micron Technology’s earnings due later this week for clues on an AI-driven chip boom, analysts say. Wall Street end...
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