South Korean stocks slipped for a second straight session as climbing US bond yields and inflation worries fueled foreign selling, with business sentiment also edging lower in Sept
South Korean stocks slipped for a second straight session as climbing US bond yields and inflation worries fueled foreign selling, with business sentiment also edging lower in September. The chip story stays mixed: exports are on track for a sixteenth straight monthly rise on steady AI chip demand, yet a major memory chipmaker saw price targets trimmed amid a stronger won and shares swinging on IPO speculation around a subsidiary. The won's strength cuts both ways, supporting the currency while squeezing exporter margins, and North Korea headlines continue to simmer in the background.
Sources
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