KOSPI Leads Asia Lower as US Yields Hit 5% and Oil Reaches $106

Key Facts

1South Korea's KOSPI index slid sharply as foreign investors sold off semiconductor heavyweights following the Chuseok break.

2Oil prices reached $106 per barrel while US bond yields hit 5%, increasing pressure on the expensive technology sector.

South Korea's KOSPI index slid sharply as foreign investors sold off semiconductor heavyweights following the Chuseok break. Invezz reported that the sell-off was triggered by US bond yields reaching the 5% threshold, which increased pressure on regional equity markets.

Oil prices reached $106 per barrel on September 28, 2026, further challenging the valuations of the expensive technology sector. This market movement followed a Consumer Confidence reading in South Korea of 106.6 on September 22, 2026, which had outperformed the previous forecast of 104.8.