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South Korean shares set for biggest quarterly drop since early 2020
SEOUL: Round-up of South Korean financial markets: South Korean shares erased early gains to trade lower on Wednesday, weighed down by concerns over high bond yields, and were set for their biggest quarterly drop in 6-1/2 years. The benchmark KOSPI was down 3.01 points, or 0.04%, at 6,867.80, as of 0253 GMT, after rising as much as 1.4% earlier in the session. The KOSPI has fallen 19% so far this quarter after rising for six consecutive quarters, heading for its biggest quarterly loss since the first quarter of 2020. US stocks ended slightly lower on Tuesday, as government bond yields contin...
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