South Korean stocks rebound following Wall Street rally; bond yields climb

Odaily reports: According to Gate data, South Korean stocks rose on Tuesday, ending a three-session losing streak, tracking the rebound in U.S. tech stocks, while falling global oil prices eased inflation concerns. The Korean won weakened, and government bond yields rose. Samsung Electronics gained over 4%, and SK Hynix rose more than 5%. Among other index heavyweights, battery maker LG Energy Solution climbed 4%. Hyundai Motor rose nearly 2%. Steelmaker POSCO Holdings gained over 3%, while Samsung Biologics fell more than 2%.

Foreign investors net bought approximately 136.2 billion won worth of stocks. The yield on the most liquid three-year South Korean government bond rose 1.9 basis points to 3.653%, while the benchmark 10-year yield climbed 0.7 basis points to 3.865%.