Asian stocks tumble as chip rout, bond yields hammer South Korea and Japan markets

Live updates

1. 27d ago

   Asian Markets Slide as Chip Selloff and Bond Yields Hit South Korea

   Asian stocks are falling as a deepening semiconductor selloff and rising bond yields pressure markets. South Korea's Kospi has been hit hardest, with reports of losses ranging from 5% to nearly 6%. The downturn is driven by a tech rout and higher bond yields, while oil prices have simultaneously increased. Individual investors in Korea report significant losses amid the market volatility, including one instance of a $14,000 loss within a single month.

   Why it matters

   South Korea and Japan are heavily exposed to semiconductor manufacturing, making their indices sensitive to chip sector volatility. Rising bond yields typically decrease the attractiveness of high-growth tech stocks. This combination of pressures creates a compounding effect on regional equity valuations.

   What is confirmed

   • Asian stocks declined as a chip selloff deepened.
   • The Kospi index fell by at least 5%.
   • Rising bond yields contributed to the decline in chip stocks.

   Still unconfirmed

   • Seoul shares sank nearly 6 pct.
   • Oil prices jumped.
   • One investor lost $14,000 in a month due to Korean market swings.

   What to watch next

   • Further movements in bond yields
   • Stabilization of semiconductor stock prices
   • Official closing data for the Kospi index
   Sources used for this update (5)

   1. BBC — 'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings
   2. AP News — Shares fall in Asia, with Kospi down 5.2%, while oil prices jump
   3. Investing.com — Asian stocks slump as chip selloff deepens; KOSPI plunges 5%
   4. Bloomberg.com — Korea Bears Brunt as Higher Bond Yields Weigh on Chip Stocks
   5. upi.com — Seoul shares sink nearly 6 pct on tech rout, rising yields
   confidence 90%